The Results of a One-Way Repeated-Measures ANOVA with Four Levels

question 19

Multiple Choice

The results of a one-way repeated-measures ANOVA with four levels on the independent variable revealed a significance value for Mauchly's test of p = 0.048. What does this mean?

• A)That Tukey's test should be used.
• B)The assumption of sphericity has been violated.
• C)The assumption of sphericity has been met.
• D)This value can be ignored because sphericity is not an issue in a one-way repeated-measures ANOVA design.

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Definitions:

Inflationary Premium

A component of the money interest rate that reflects compensation to the lender for the expected decrease, due to inflation, in the purchasing power of the principal and interest during the course of the loan. It is determined by the expected rate of future inflation.

Consume Goods

The act of using up goods and services for personal needs or consumption.

Save Money

The practice of reducing expenditures or setting aside funds to increase financial security or for future use.

Net Present Value

Net Present Value (NPV) is a financial metric that calculates the present value of all cash flows associated with a project, including both inflows and outflows, to determine its profitability.