If All Changes in Inventories Were Intended

question 4

Multiple Choice

If all changes in inventories were intended,

• A)there would be no business cycle
• B)the business cycle would be less extreme
• C)the business cycle would be more extreme
• D)there would be no relation between the business cycle and inventory investment
• E)sales expectations would no longer influence inventory investment

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Definitions:

Within-groups Df

Degrees of freedom within groups in an analysis of variance (ANOVA), related to the variability of observations within each group.

Between-groups Df

Degrees of freedom associated with the variance between the groups in an ANOVA test, useful in determining the variability attributable to the difference between groups.

Simple Analysis of Variance

A statistical method used to compare the means of two or more groups to see if there is a significant difference between them.

One-way ANOVA

A statistical test that compares the means of three or more independent groups to determine if there is a significant difference among them.