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Imagine we conduct a one-way independent ANOVA with four levels on our independent variable and obtain a significant result. Given that we had equal sample sizes, we did not make any predictions about which groups would differ before the experiment and we want guaranteed control over the Type I error rate, which would be the best test to investigate which groups differ?
Prices of Inputs
This term describes the cost of resources used in the production of goods and services, such as raw materials, labor, and machinery.
Hourly Price
The cost or price of something for each hour it is used, produced, or provided.
Production Technology
Refers to the methods, equipment, and processes used to produce goods and services.
Capital Intensive
An industry or business that requires large amounts of money and resources (such as machinery or equipment) to produce goods or services.
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