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The Analysis of Means (ANOM)is More Appropriate If You Want

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The Analysis of Means (ANOM)is more appropriate if you want to identify the group(s)that has(have)a higher or lower mean than the overall mean while the One- Way Analysis of Variance (One-way ANOVA)is more appropriate when you just want to see if the means of all the different groups are the same.


Definitions:

Future Value

A prediction of what a current asset will be worth at a particular future date, using an assumed growth rate.

Discount Rate

The discount rate, in finance, is the interest rate used to determine the present value of future cash flows, influencing the attractiveness of investments.

Perpetuity

A financial instrument that provides a stream of indefinite cash flows, or payments, with no end date.

Interest Rate

Interest rate is the proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding.

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