Which Set of Statements Is Correct

question 35

Multiple Choice

Which set of statements is correct?

• A) The Federal Reserve has 12 regional banks. The Board of Governors has fourteen members, each serving a 7-year term.
• B) The Federal Reserve has 14 regional banks. The Board of Governors has twelve members, each serving a 7-year term.
• C) The Federal Reserve has 12 regional banks. The Board of Governors has seven members, each serving a 14-year term.
• D) The Federal Reserve has 14 regional banks. The Board of Governors has seven members, each serving a 12-year term.

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Definitions:

F-ratio

Used in analysis of variance, the F-ratio is a measure to assess if the variances between multiple groups are significantly different, based on averages and variability within each group.

Participants

Individuals who take part in a research study or experiment.

One-way ANOVA

A statistical method for evaluating if there's a notable difference between the averages of three or more separate groups.

F-ratio

A statistic used in ANOVA tests that compares the variance between group means to the variance within groups, indicating if any statistically significant differences exist.