Multiple Choice
Using the Excel printout below to compare the mean annual incomes for executives with Undergraduate and Master's Degree or more, the following statements can be made:
A) since the calculated F-value is smaller than the F-critical value, there is no significant difference in the incomes of these two groups.
B) since the calculated F-value is smaller than the F-critical value, there is a significant difference in the incomes of these two groups.
C) since the P-value is 0.62, there is a 62% chance of these results happening when there is no significant difference in the incomes of these two 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 both groups with different levels of education have the same incomes.
E) since the calculated F-value is smaller than the F-critical value, there is no significant difference in the incomes of these two groups; also, since the P-value is 0.62, there is a 62% chance of these results happening when there is no significant difference in the incomes of these two groups.
Correct Answer:

Verified
Correct Answer:
Verified
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