Step 4 of 8: Calculate the value of the test statistic. Please round your answer to two decimal places. Step 5 of 8: What is the sum of squares of sample means about the grand mean? Please round your answer to two decimal places. Step 6 of 8: What is the variation of the individual measurements about their respective means? Please round your answer to two decimal places. Step 7 of 8: What is the critical value at the 0.05 level? Please round your answer to four decimal places, if necessary. Step 8 of 8: Is the test statistic significant at 0.05?
Step 4 of 8: Calculate the value of the test statistic. Please round your answer to two decimal places. Step 5 of 8: What is the sum of squares of sample means about the grand mean? Please round your answer to two decimal places. Step 6 of 8: What is the variation of the individual measurements about their respective means? Please round your answer to two decimal places. Step 7 of 8: What is the critical value at the 0.05 level? Please round your answer to four decimal places, if necessary. Step 8 of 8: Is the test statistic significant at 0.05?
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
Related questions
Question
REPOSTING QUESTION FOR PART 2
Consider the following table:
| SS | DF | MS | Test Statistic | |
|---|---|---|---|---|
| Among Treatments | 1664.4 | |||
| Error | ? | 11 | 370.45 | |
| Total | 16 |
Step 4 of 8:
Calculate the value of the test statistic. Please round your answer to two decimal places.
Step 5 of 8:
What is the sum of squares of sample means about the grand mean? Please round your answer to two decimal places.
Step 6 of 8:
What is the variation of the individual measurements about their respective means? Please round your answer to two decimal places.
Step 7 of 8:
What is the critical value at the 0.05 level? Please round your answer to four decimal places, if necessary.
Step 8 of 8:
Is the test statistic significant at 0.05?
Expert Solution
Step 1
Below is the solution:-
Step by step
Solved in 2 steps with 1 images
Recommended textbooks for you
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
Purchasing and Supply Chain Management
Operations Management
ISBN:
9781285869681
Author:
Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:
Cengage Learning
Production and Operations Analysis, Seventh Editi…
Operations Management
ISBN:
9781478623069
Author:
Steven Nahmias, Tava Lennon Olsen
Publisher:
Waveland Press, Inc.