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Exhibit 13

question 17

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Exhibit 13.9 Psychology students want to determine if there are differences between the ability of business majors and science majors to solve various types of analytic problems.They conduct an experiment and record the amount of time it takes to complete each analytic problem.The following two-way ANOVA table summarizes their findings. Exhibit 13.9 Psychology students want to determine if there are differences between the ability of business majors and science majors to solve various types of analytic problems.They conduct an experiment and record the amount of time it takes to complete each analytic problem.The following two-way ANOVA table summarizes their findings.   Refer to Exhibit 13.9.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 no evidence of an interaction effect between major and problem type B) Reject the null hypothesis,there is no evidence of an interaction effect between major and problem type C) Reject the null hypothesis,there is evidence of an interaction effect between major and problem type D) Do not reject the null hypothesis,there is evidence of an interaction effect between major and problem type Refer to Exhibit 13.9.At the 5% significance level,the conclusion for the hypothesis test about the interaction term is:


Definitions:

Disaffirm

The legal act of denying, rejecting, or invalidating a contract or agreement.

Fair Market Value

The price at which an asset would sell in a competitive auction setting, reflecting the value agreed upon by a willing buyer and seller.

Restatement of Contracts

A collection of legal principles regarding contracts, intended to clarify and synthesize current contractual laws in the United States.

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