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A random sample of 16 companies was selected and asked for their annual dividend rate in three different industries: utilities,banking,and insurance.The ANOVA comparing the mean annual dividend rate among three industries rejected the null hypothesis.The Mean Square Error (MSE) was 3.36.The following table summarized the results: Based on the comparison between the mean annual dividend for companies in the utilities and insurance industries,
Factor Endowments
Refers to the quantities of productive resources a country has available, including labor, land, and capital.
Trade Advantage
The benefit or edge a country, region, or business has in producing a specific good or service more efficiently than competitors.
Labor-Abundant
Describes an economy or sector that has a high availability of labor relative to capital.
Land-Abundant
A description of a country or region that has a large amount of land available for agriculture or development relative to other inputs.
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