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When should you use a factorial ANOVA instead of a simple ANOVA?
Retained Earnings
The portion of net income that is retained by a corporation rather than distributed to its owners as dividends.
Household Purchases
Refers to the total spending by households on goods and services for personal use.
Capital Equipment
Items such as machinery and tools that are used in the production process and have a useful life beyond a single accounting period.
Depreciation
The process by which capital assets decrease in value over time due to use, wear and tear, or becoming outdated.
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