A Market Researcher Is Studying the Spending Habits of People

question 44

Multiple Choice

A market researcher is studying the spending habits of people across age groups. The amount of money spent by each individual is classified by spending category (Dining out, Shopping, or Electronics) - Factor A, and generation (Gen-X, Gen-Y, Gen-Z, or Baby Boomers) - Factor B. An incomplete ANOVA table is shown below. The p-value for the hypothesis test about factor A is ________.

• A) less than 0.01
• B) between 0.01 and 0.025
• C) between 0.025 and 0.05
• D) greater than 0.05

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Definitions:

Liabilities

Financial obligations or debts owed by a company to external parties or individuals.

Total Assets

The sum of all current and non-current assets owned by an entity, representing the total resources available for use in operations or to pay liabilities.

Expenses

The outflow of money or assets to another entity as a result of a company's operations or activities intended to generate revenue.

Stockholders' Equity

The residual interest in the assets of a corporation after deducting liabilities, representing owner’s equity in the company.