Instruction 11-4
a Campus Researcher Wanted to Investigate the Factors

question 85

Multiple Choice

Instruction 11-4
A campus researcher wanted to investigate the factors that affect visitor travel time in a complex,multilevel building on campus.Specifically,he wanted to determine whether different building signs (building maps versus wall signage) affect the total amount of time visitors require to reach their destination and whether that time depends on whether the starting location is inside or outside the building.Three subjects were assigned to each of the combinations of signs and starting locations,and travel time in seconds from beginning to destination was recorded.An Excel output of the appropriate analysis is given below:
$$\begin{array}{l}\text { ANOVA }\\\begin{array} { l | r | c | c | c | c | c } \hline \text { Source of Variation } & { \text { SS } } & \text { df } & { \text { MS } } & F & \text { P-value } & \text { Fcrit } \\\hline \text { Signs } & 14008.33 & & 14008.33 & & 0.11267 & 5.317645 \\\hline \text { Starting Location } & 12288 & & & 2.784395 & 0.13374 & 5.317645 \\\hline\end{array}\end{array}$$
-Referring to Instruction 11-4,the F test statistic for testing the interaction effect between the types of signs and the starting location is

• A)0.0109.
• B)2.7844.
• C)5.3176.
• D)3.1742.

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Definitions:

Market Demand

The total quantity of a product or service that consumers in a market are willing and able to purchase at various prices over a specified period.

Competitive Price-Searcher

A market structure where businesses set their prices based on the competitive landscape and their unique value proposition, often in imperfectly competitive markets.

Economic Losses

The monetary losses incurred by businesses or economies due to factors like poor management, decreased demand, or external disruptions.

Long-Run Profits

Profits that a firm anticipates it can maintain over a lengthy period by adapting its production and costs.