In a Completely Randomized Experimental Design, 18 Experimental Units Were

question 22

Essay

In a completely randomized experimental design, 18 experimental units were used for the first treatment, 10 experimental units for the second treatment, and 15 experimental units for the third treatment. Part of the ANOVA table for this experiment is shown below.

a.Fill in all the blanks in the above ANOVA table.
b.At 95% confidence, test to see if there is a significant difference among the means.

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Definitions:

Contribution Margin

The amount by which sales revenue exceeds variable costs, contributing towards covering fixed costs and generating profit.

Variable Factory Overhead

Costs that vary with the volume of production and include expenses such as indirect materials and utilities.

Absorption Costing

An accounting method that includes all direct costs and overhead expenses related to the production of a product in its cost base.

Variable Costing Income Statement

A financial statement format that only includes variable costs as product costs, with fixed manufacturing overhead treated as a period expense.