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Use the following information to answer the question. Researchers want to test whether the color of a cyclist's jersey has an effect on race finish times. Four jersey colors were used for the study-- red, green, blue, and yellow. Thirty cyclists were randomly assigned to each group. Use the output below to answer the question.
-Assume that all ANOVA test conditions have been satisfied. State the correct decision regarding the null hypothesis for the claim that jersey color affects race finish times. Write a sentence summarizing your conclusion.
Marginal-Cost Curve
A graphical representation that shows the cost of producing one more unit of a good.
Average-Total-Cost Curve
A graphical representation showing how the average total cost of production changes as the quantity of output is altered.
GPA
Grade Point Average, a measure of a student's academic achievement at a college or university, calculated as a numerical average of grades.
Short Run
A period in which at least one factor of production is fixed, limiting the ability of the economy or firm to adjust to changes.
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