The Levene's Test Is Used for Which Purpose Below

question 18

Multiple Choice

The Levene's test is used for which purpose below?

• A)to determine whether a t-test result is significant
• B)to test the F-ratio hypothesis that two means are equal
• C)to determine whether the data are related or independent
• D)to determine which t-test to use

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Definitions:

Fair Market Value

The price that an asset would sell for on the open market between willing and knowledgeable parties.

Book Value

The net value of a company's assets as recorded on its balance sheet, calculated as total assets minus intangible assets (patents, goodwill) and liabilities.

Convertible Bonds

Bonds that can be converted into a predetermined amount of the company's equity at certain times during its life, usually at the discretion of the bondholder.

Outstanding Voting Shares

The total shares of a company that are held by shareholders and carry rights to vote on company matters.