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A Random Sample of 30 Executives from Companies with Assets

Question 79

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A random sample of 30 executives from companies with assets over $1 million was selected and
Asked for their annual income and level of education. The following table summarized the results: A random sample of 30 executives from companies with assets over $1 million was selected and Asked for their annual income and level of education. The following table summarized the results:   Using this output, what conclusions can you draw? A)  Since the calculated F-value is smaller than the F-critical value, there is a significant difference in the incomes of these 3 groups. B)  Since the calculated F-value is smaller than the F-critical value, there is no significant difference in the incomes of these three groups. C)  Since the P-value is 0.001, there is a 10% chance of these results happening when there is no significant difference in the incomes of these three groups. D)  Since the calculated F-value is larger than the F-critical value, and the P-value is so small, there is strong evidence to suggest that the three groups with different levels of education Do not all have the same incomes. E)  Since the calculated F-value is larger than the F-critical value, and the P-value is so small, there is strong evidence to suggest that all three groups with different levels of education
Using this output, what conclusions can you draw?


A) Since the calculated F-value is smaller than the F-critical value, there is a significant difference in the incomes of these 3 groups.
B) Since the calculated F-value is smaller than the F-critical value, there is no significant difference in the incomes of these three groups.
C) Since the P-value is 0.001, there is a 10% chance of these results happening when there is no significant difference in the incomes of these three groups.
D) Since the calculated F-value is larger than the F-critical value, and the P-value is so small, there is strong evidence to suggest that the three groups with different levels of education
Do not all have the same incomes.
E) Since the calculated F-value is larger than the F-critical value, and the P-value is so small, there is strong evidence to suggest that all three groups with different levels of education

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