Consider the Following to Answer the Question(s)

question 19

Multiple Choice

Consider the following to answer the question(s) :
An advocacy group is interested in determining if gender (1 = Female, 2 = Male) affects executive level salaries. They take a random sample of executives in three different industries: (1 = Consumer Goods, 2 = Financial, 3 = Health Care) . Salary data are collected. The two-way ANOVA results appear below.
-At α = 0.05, we can conclude

• A) that mean executive salaries are the same across the three different industry sectors.
• B) that mean executive salaries are the same for males and females.
• C) that there is a significant interaction effect.
• D) that mean executive salaries are not the same across the three different industry sectors and that mean executive salaries are not the same for males and females.
• E) that the P-value for the interaction effect = 0.390 > 0.05. Thus, it is not appropriate to interpret the main effects separately.

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Definitions:

Raw Materials

Basic materials that are used in the production process to manufacture goods, often transformed or combined with other materials in the manufacturing process.

Automatic Merchandising

A retailing strategy that involves the use of self-service and vending machines for selling products directly to customers.

Direct Selling

A sales strategy in which products are marketed directly to consumers, bypassing traditional retail locations.

Merchant Wholesalers

Businesses that buy goods in large quantities from manufacturers or importers and sell them to retailers or other businesses, but not to the general public.