Exhibit 10-14
the Following Is Part of an ANOVA Table

question 18

Multiple Choice

Exhibit 10-14
The following is part of an ANOVA table that was obtained from data regarding three treatments and a total of 15 observations.
$$\begin{array} { l c c } \begin{array} { l } \text { Source of } \\\text { Variation }\end{array} & \begin{array} { c } \text { Sum of } \\\text { Squares }\end{array} & \begin{array} { c } \text { Degrees of } \\\text { Freedom }\end{array} \\\text { Between Treatments } & 64 & \\\text { Error Within Treatments) } & 96 &\end{array}$$
-Refer to Exhibit 10-14. The mean square between treatments MSTR) is

• A) 36
• B) 16
• C) 8
• D) 32

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Definitions:

Average Fixed Cost

The constant expenses associated with production, which remain unchanged regardless of output levels, divided by the output quantity.

Average Variable Cost

The total variable costs divided by the quantity of output produced, reflecting the cost for each unit excluding fixed costs.

MP

Short for Marginal Product, which is the additional output resulting from using one more unit of a particular input, holding other inputs constant.

MC

Marginal Cost, the change in total production cost that comes from making or producing one additional unit.