For the Following ANOVA Table, the Observed F Value Is

question 58

Multiple Choice

For the following ANOVA table, the observed F value is ___________. $$\begin{array} { | c | c | c | c | c | } \hline \text { Source of Variation } & \text { SS } & \mathrm { df } & \text { MS } & F \\\hline \text { Treatment } & & 4 & & \\\hline \text { Error } & 360 & & & \\\hline \text { Total } & 440 & 16 & & \\\hline\end{array}$$

• A)0.67
• B)1.50
• C)6.00
• D)5.00
• E)4.00

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Definitions:

Implicit Costs

The opportunity costs of using resources owned by the firm for its own production instead of selling or renting them to others.

Interest Rate

The price, calculated as a percentage of the amount borrowed, that a lender charges a borrower for the use of their savings for one year.

Salary

A fixed regular payment, typically paid on a monthly or biweekly basis but often expressed as an annual sum, made by an employer to an employee.

Explicit Cost

Direct payment made to others in the course of running a business, such as wages, rent, and materials.