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

question 14

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
• D)do not reject the null hypothesis \(\mu\) ₁ \(\neq\)\(\mu\) ₂ \(\neq\) \(\mu\) ₃\(\neq\) \(\mu\) ₄
• E)do nothing

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Definitions:

Twenty-One Years

An age often associated with full legal adulthood in many jurisdictions, granting all legal rights and responsibilities.

Necessaries

Basic needs or essential services required for individuals to maintain a standard of living, such as food, clothing, and shelter.

Contractual Liability

The legal obligations arising from contracts entered into by an entity or individual.

Age of Majority

The legally recognized age at which an individual is considered an adult and capable of making certain legal decisions.