One of the Assumptions of the Analysis of Variance Test

question 1

Multiple Choice

One of the assumptions of the Analysis of Variance test is homogeneity of variances.If the data violate this assumption they are referred to as:

• A)nonhomogenic
• B)heteroscedastic
• C)homoscedastic
• D)lacking variation

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Definitions:

Special Adjustments

Modifications or changes made to financial statements or business strategies to address specific issues or to better reflect economic realities.

Geographical Adjustments

Adjustments made to policies, prices, or strategies based on the geographical location of markets or resources.

Discounts

are reductions from the usual cost of something, often used to prompt sales or as a negotiation tactic.

Allowances

Discounts or financial concessions given to customers, employees, or distributors as an incentive or for defective goods.