Instruction 11-3
as Part of an Evaluation Program, a Sporting

question 115

Short Answer

Instruction 11-3
As part of an evaluation program, a sporting goods retailer wanted to compare the downhill coasting speeds of four brands of bicycles. She recorded three trials of each brand and determined their maximum downhill speeds. The results are presented in kilometres per hour in the table below.
$$\begin{array} { | l | l | l | l | l | } \hline \text { Trial } & \text { Barth } & \text { Tornado } & \text { Reiser } & \text { Shaw } \\\hline 1 & 43 & 37 & 41 & 43 \\\hline 2 & 46 & 38 & 45 & 45 \\\hline 3 & 43 & 39 & 42 & 46 \\\hline\end{array}$$
-Referring to Instruction 11-3,what is the value of the test statistic for Levene's test for homogeneity of variances?

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Definitions:

Intrinsic Value

The real or fundamental value of a stock, determined through analysis of the company's financials and potential.

Constant-Growth DDM

A version of the dividend discount model that assumes dividends grow at a constant rate indefinitely.

Dividend

Funds disbursed by a corporation to its owners, often from the company's profits, as a profit sharing.

Expected Growth Rate

The predicted percentage increase in the value of an investment, asset, or economy over a certain period of time.