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Nick and Nicole are both 68 years old and file a joint return. They have AGI of $15,000 and receive nontaxable Social Security payments of $4,200 during the current year. What is the amount of the tax credit for the elderly?
F-Ratio
The ratio used in analysis of variance (ANOVA) to compare the variance between groups to the variance within groups.
Main Effect
The main effect is the impact of an independent variable on a dependent variable in a statistical model, ignoring other variables' influences.
Factor A
Factor A is often used in experimental design to represent one of the independent variables being tested for its effect on a dependent variable.
Reject
In statistical analysis, to refuse to accept a null hypothesis, based on the outcome of a test showing that observed data is unlikely under the hypothesis.
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