An Electronics Company Wants to Compare the Quality of Their

question 20

Multiple Choice

An electronics company wants to compare the quality of their cell phones to the cell phones from three competitors. They sample 10 phones from each company and count the number of defects for each phone. If ANOVA was used to compare the average number of defects,then the treatments would be defined as ________.

• A)the number of cell phones sampled
• B)the average number of defects
• C)the total number of phones
• D)the four companies

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Definitions:

Output

The total quantity of goods and services produced by an economy, company, or process over a specific period.

External Costs

Costs of economic activities that are not borne by the individuals or enterprises involved in the transaction but are instead imposed on third parties or society at large, such as pollution.

Market Supply Curve

A graphical representation showing the total quantity of a good that producers are willing to sell at various price levels in a given market.

Optimal Allocation

The most efficient distribution of resources and production that maximizes the benefits or profits within an economy or specific market.