The Smaller the P-Value in an ANOVA Table,the Greater the Likelihood

question 20

Multiple Choice

The smaller the p-value in an ANOVA table,the greater the likelihood that the effect

• A)is statistically insignificant.
• B)will be ignored.
• C)is statistically significant.
• D)has no practical impact.

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Definitions:

Net Income

The total profit of a business after all expenses and taxes have been subtracted from total revenue.

Consumer Credit

A financial arrangement that allows individuals to purchase goods or services now and pay for them in the future.

Trade Credit

A form of credit extended by suppliers to their customers, allowing them to purchase goods or services and pay for them at a later date.

Insufficient Credit

A condition where an individual or entity lacks the necessary borrowing capacity due to limited credit history or poor credit ratings.