BigShots,Inc $\alpha$ = 005,the Observed F Value Is ___

question 32

Multiple Choice

BigShots,Inc.is a specialty e-tailer that operates 87 catalogue websites on the Internet.Kevin Conn,Sales Director,feels that the style (colour scheme,graphics,fonts,etc. ) of a website may affect its sales.He chooses three levels of design style (neon,old world and sophisticated) and randomly assigns six catalogue websites to each design style.Analysis of Kevin's data yielded the following ANOVA table:
Using $\alpha$ = 0.05,the observed F value is ___.

• A)0.5022
• B)0.1333
• C)1.9911
• D)17.5054
• E)22.4567

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Definitions:

Supply Curve

A graph showing the relationship between the price of a good and the amount of it that suppliers are willing to sell, normally upward sloping due to the law of supply.

Marginal Cost

The price tag attached to producing one more unit of a product or service.

Monopolist

An individual or entity that holds exclusive control over the supply of a particular product or service, thus determining the price and market conditions.

Profit-Maximizing

A strategy or behavior aimed at increasing a firm's profits to the highest possible level given its production and cost constraints.