Ben Is Concerned That If He Injures Someone or Damages

question 17

Multiple Choice

Ben is concerned that if he injures someone or damages someone's property he could be held legally responsible and required to pay damages.This type of risk is called a

• A)speculative risk.
• B)liability risk.
• C)nondiversifiable risk.
• D)property risk.

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Definitions:

Main Effect

The direct influence of an independent variable on a dependent variable in an experimental design.

Two-Way ANOVA

An extension of the ANOVA that assesses the effect of two different categorical independent variables on one continuous dependent variable.

Degrees of Freedom

The number of independent values or quantities which can be assigned to a statistical distribution, typically in the context of parameters estimated from sample data.

F Statistic

A ratio used in analysis of variance (ANOVA) tests to determine whether the group means are statistically different from each other.