Cindy Ho,VP of Finance at Discrete Components,Inc $\alpha$ = 001,the Appropriate Decision Is ___

question 65

Multiple Choice

Cindy Ho,VP of Finance at Discrete Components,Inc.(DCI) ,theorizes that the discount level offered to credit customers affects the average collection period on credit sales.Accordingly,she has designed an experiment to test her theory using four sales discount rates (0%,2%,4%,and 6%) by randomly assigning five customers to each sales discount rate.An analysis of Cindy's data produced the following ANOVA table:
Using $\alpha$ = 0.01,the appropriate decision is ___.

• A)reject the null hypothesis \(\mu\) ₁ =\(\mu\) ₂ = \(\mu\) ₃= \(\mu\) ₄
• B)reject the null hypothesis \(\mu\) ₁ \(\neq\)\(\mu\) ₂ \(\neq\) \(\mu\) ₃\(\neq\) \(\mu\) ₄
• C)do not reject the null hypothesis \(\mu\) ₁ =\(\mu\) ₂ = \(\mu\) ₃= \(\mu\) ₄= \(\mu\) ₅
• D)do not reject the null hypothesis \(\mu\) ₁ \(\neq\)\(\mu\) ₂ \(\neq\) \(\mu\) ₃\(\neq\) \(\mu\) ₄\(\neq\) \(\mu\)₅
• E)do nothing

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Definitions:

Dissenters

Individuals who express opposition to the majority opinion, which can lead to social change or conflict.

Self-Confident

Having a strong belief in one's own abilities and competence.

Willing To Compromise

The readiness of an individual or party to make concessions to reach a mutual agreement or resolve a conflict.

Ingroup

A group to which an individual belongs and identifies with, often leading to favoritism towards member and bias against outgroup members.