A Random Sample of 30 Executives from Companies with Assets

question 68

Multiple Choice

A random sample of 30 executives from companies with assets over $1 million was selected and asked for their annual income and level of education. The ANOVA comparing the average income among three levels of education rejected the null hypothesis. The Mean Square Error (MSE) was 243.7. The following table summarized the results: When comparing the mean salaries to test for differences between treatment means, the t statistic is based on:

• A) the treatment degrees of freedom.
• B) the total degrees of freedom.
• C) the error degrees of freedom.
• D) the ratio of treatment and error degrees of freedom.

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Definitions:

George Homans

An influential American sociologist known for developing social exchange theory, which explains social change and stability as a process of negotiated exchanges between parties.

Desirable Rewards

Refers to benefits or incentives that are sought after by individuals or groups in various contexts, such as workplaces, social settings, or educational environments.

George Homans

An American sociologist, considered one of the major contributors to social exchange theory, highlighting reward and cost analysis in social interactions.

Rational Action

A decision-making process that involves logical reasoning and consideration of facts to achieve a specific objective.