Random samples of employees from three different departments of MNM Corporation showed the following yearly incomes (in $1000).
Department A
Department B
Department C
40
46
46
37
41
40
43
43
41
41
33
48
35
41
39
38
42
44
?
At ? = .05, test to determine if there is a significant difference among the average incomes of the employees from the three departments. Use both the critical and p-value approaches.

What will be an ideal response?


ANOVA      
Source of VariationSSdfMSFp-valueF critical
Between Groups482241.80.1993.68
Within Groups2001513.33   
Total24817    
?F = 1.8 < 3.68; p-value is greater than .10; do not reject H0.

Business

You might also like to view...

The _____ believe that it takes a long time for prices and wages to change to restore equilibrium in an economy.

A. Keynesians B. classical economists C. monetarists D. institutional economists

Business

Which of the following factors most likely would cause a CPA to decide not to accept a new audit engagement?

A. Management's refusal to permit the CPA to perform substantive procedures before the year-end. B. Management's disregard of its responsibility to maintain an adequate control environment. C. The CPA's inability to determine whether related party transactions were consummated on terms equivalent to arm's-length transactions. D. The CPA's lack of understanding of the prospective client's internal auditor's computer-assisted audit techniques.

Business

A capital lease represents both an asset and a liability

Indicate whether the statement is true or false

Business

In IFRS, "probable" as recognition criterion for liabilities with uncertain amount and/or timing means "more likely than not"—approximately 51%

Indicate whether the statement is true or false

Business