The numerator or MST degrees of freedom are 3 and the denominator or MSE degrees of freedom are 18. The total number of observations in the completely randomized design must equal 20.
Given the following: Determine: a) The amount of mark-up. b) The amount of operating (overhead) expenses. c) The operating profit or loss. d) The rate of mark-up on cost. e) The rate of mark-up on selling price.