Compare the MAP Variance of the Three Sports Using Levene's

question 17

Multiple Choice

Compare the MAP variance of the three sports using Levene's test. What do the data suggest?

• A) The three data sets have equal variance.
• B) The three data sets have unequal variances.
• C) The three data sets have nearly equal variance.
• D) The result is unclear as the samples size of the three groups is too small.

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Definitions:

Optimal Allocation

The most efficient distribution of resources within an economy to maximize the output or welfare.

MB = MC

A principle in economics indicating the optimal level of output or consumption, where the marginal benefit (MB) equals the marginal cost (MC).

Marginal Benefit

The added utility or pleasure that comes from the consumption of one more unit of a good or service.

Marginal Cost

The escalation in aggregate cost linked to the fabrication of an extra item of a good or service.