Pet Preference Was Compared for Four Different Types of Animals

question 9

Multiple Choice

Pet preference was compared for four different types of animals (dogs, cats, birds, and fish) , using a one-way within-groups ANOVA with nine participants.The standard error was calculated as 0.19.What is the Tukey HSD value when comparing data for dogs and birds given the following means for preference: Dogs M = 4.43, Cats M = 4.18, Birds M = 2.73, Fish M = 4.07?

• A) 8.95
• B) 8.10
• C) 0.19
• D) 0.11

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Definitions:

Price

The monetary value estimated, obligatory, or presented in compensation for an object.

MC

Short for Marginal Cost, it refers to the increase in cost that arises from producing one additional unit of a good or service.

ATC

Average Total Cost (ATC) refers to the total cost per unit of output, calculated by dividing the total cost of production by the quantity of output produced.

MR

Marginal Revenue is the additional income generated from selling one more unit of a good or service.