Using the Excel Printout Below to Compare the Mean Annual

question 59

Multiple Choice

Using the Excel printout below to compare the mean annual incomes for executives with Undergraduate and Master's Degree or more, the following statements can be made:

• A) since the calculated F-value is smaller than the F-critical value, there is no significant difference in the incomes of these two groups.
• B) since the calculated F-value is smaller than the F-critical value, there is a significant difference in the incomes of these two groups.
• C) since the P-value is 0.62, there is a 62% chance of these results happening when there is no significant difference in the incomes of these two groups.
• D) since the calculated F-value is larger than the F-critical value, and the P-value is so small, there is strong evidence to suggest that both groups with different levels of education have the same incomes.
• E) since the calculated F-value is smaller than the F-critical value, there is no significant difference in the incomes of these two groups; also, since the P-value is 0.62, there is a 62% chance of these results happening when there is no significant difference in the incomes of these two groups.

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