Exhibit 10-11 In a Completely Randomized Experimental Design Involving Five Treatments, 13

question 33

Multiple Choice

Exhibit 10-11
In a completely randomized experimental design involving five treatments, 13 observations were recorded for each of the five treatments a total of 65 observations) . The following information is provided.
SSTR = 200 Sum Square Between Treatments) SST = 800 Total Sum Square)
-Refer to Exhibit 10-11. The number of degrees of freedom corresponding to within treatments is

• A) 60
• B) 59
• C) 5
• D) 4

---

Definitions:

Equilibrium Value

The point at which the quantity of a good or service demanded equals the quantity supplied, resulting in market stability.

Opportunity Cost

Whatever must be given up to obtain some item.

Holding Currency

The practice of keeping money in the form of cash or liquid assets as opposed to investing or depositing it.

MPC

Marginal Propensity to Consume refers to the proportion of an increase in income that gets spent on consumption of goods and services, as opposed to being saved.