Exhibit 13

question 35

Multiple Choice

Exhibit 13.8 A market researcher is studying the spending habits of people across age groups.The amount of money spent by each individual is classified by spending category (Dining out,Shopping or Electronics) and generation (Gen-X,Gen-Y,Gen-Z or Baby Boomers) .The data and an incomplete ANOVA table are shown below. Refer to Exhibit 13.8.At the 5% significance level,the conclusion for the hypothesis test about the interaction term is:

• A)Do not reject the null hypothesis,there is evidence of an interaction effect between spending category and generation
• B)Reject the null hypothesis,there is evidence of an interaction effect between spending category and generation
• C)Reject the null hypothesis,there is no evidence of an interaction effect between spending category and generation
• D)Do not reject the null hypothesis,there is no evidence of an interaction effect between spending category and generation

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Definitions:

Wine Barrels

Large containers traditionally made of oak, used for aging wine and imparting flavors during the winemaking process.

Traditional Cost Management

A cost accounting approach that typically allocates overhead costs based on volume-driven measures, such as machine hours or labor hours.

Modern Systems

Refers to contemporary, advanced technological or software systems designed to improve efficiency, productivity, or sustainability in various sectors.

Production Volume

Production volume refers to the total quantity of goods or services produced by a company within a specific period.