Running Shoes Narrative an Avid Runner Was Interested in Whether There Is a There

question 3

Essay

Running Shoes Narrative
An avid runner was interested in whether there is a significant difference in the average wear (measured in weeks of use) among three brands of running shoes. To answer the question, the runner randomly selected six runners and assigned them to wear each of the three brands of running shoes until the shoes wore out. Each of the runners wore the brands of shoes in a random order.
After the data had been recorded, the following output was generated using statistical software:
Two-way Analysis of Variance
-Refer to Running Shoes Narrative. Is blocking necessary in this ? Justify your answer. Let = 0.05.

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Definitions:

Note Receivable

A financial asset representing a written promise to receive a specific amount of money at a future date.

Dishonored Note

A promissory note that has not been paid by the maker at the time of maturity, resulting in default.

Promissory Note

A financial document in which one party promises in writing to pay a determinate sum of money to another, either at a fixed or determinable future time or on demand.

Interest

The cost of borrowing money, typically expressed as an annual percentage of the principal amount.