Cindy Smith, VP of Finance at Digital Components, Inc.(DCI), theorizes that the discount level offered to credit customers affects the average collection period on credit sales.Accordingly, she has designed an experiment to test her theory using four sales discount rates (0%, 2%, 4%, and 6%)by randomly assigning five customers to each sales discount rate.An analysis of Cindy's data produced the following ANOVA table: Using $\alpha$ = 0.01, the critical F value is ___.
A)5.33
B)6.21
C)0.16
D)5.29
E)6.89

Question

Cindy Smith, VP of Finance at Digital Components, Inc.(DCI), theorizes that the discount level offered to credit customers affects the average collection period on credit sales.Accordingly, she has designed an experiment to test her theory using four sales discount rates (0%, 2%, 4%, and 6%)by randomly assigning five customers to each sales discount rate.An analysis of Cindy's data produced the following ANOVA table:  Using $\alpha$ = 0.01, the critical F value is ___.
A)5.33 
B)6.21 
C)0.16 
D)5.29 
E)6.89

Quizplus · Accepted Answer

The Answer of Cindy Smith, VP of Finance at Digital Components, Inc.(DCI), theorizes that the discount level offered to credit customers affects the average collection period on credit sales.Accordingly, she has designed an experiment to test her theory using four sales discount rates (0%, 2%, 4%, and 6%)by randomly assigning five customers to each sales discount rate.An analysis of Cindy's data produced the following ANOVA table:  Using $\alpha$ = 0.01, the critical F value is ___.
A)5.33 
B)6.21 
C)0.16 
D)5.29 
E)6.89

Cindy Smith, VP of Finance at Digital Components, Inc α\alphaα = 001, the Critical F Value Is ___

Cindy Smith, VP of Finance at Digital Components, Inc $\alpha$ = 001, the Critical F Value Is ___