A Market Researcher Is Studying the Spending Habits of People

question 115

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 B 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:

Tort

A civil wrong or breach of duty to another person, as outlined by law, which could constitute a lawsuit for damages.

Contractual Incapacity

Contractual incapacity refers to a person's legal inability to enter into a binding contract due to various reasons such as age, mental condition, or duress.

Infant

A child in the earliest period of life, particularly before they can walk; in legal contexts, often synonymous with a minor.

Adult

An individual who has reached the age of majority, legally recognized as capable of managing personal affairs and responsible for their actions.