Simple ANOVA Is Described as "An Omnibus Test

question 8

Multiple Choice

Simple ANOVA is described as "an omnibus test." What does this mean?

• A) It can be used with any level of data.
• B) It does not produce a p value.
• C) It can substitute for any of the t tests.
• D) It is designed to see if there is a relationship between variables, but does not reveal which measurement of the independent variable is most closely related to the dependent variable.

---

Definitions:

Investment

Allocation of resources, usually money, in expectation of a future return or profit.

Interest

The cost of borrowing money or the return on investment, typically expressed as a percentage.

Interest Rate

The percentage at which interest is paid by a borrower for the use of money, or what a lender earns on an investment, over a specific period.

Loan

A sum of money that is lent and is due to be repaid along with interest.