Three Universities in Your State Decided to Administer the Same

question 94

Essay

Three universities in your state decided to administer the same comprehensive examination to the recipients of MBA degrees from the three institutions. From each institution, MBA recipients were randomly selected and were given the test. The following table shows the scores of the students from each university. $\begin{array}{ccc}\text { Northern University } & \text { Central University } & \text { Southern University } \\75 & 85 & 80 \\80 & 89 & 81 \\84 & 86 & 84 \\85 & 88 & 79 \\81 & 83 &\end{array}$ At α = .01, test to see if there is any significant difference in the average scores of the students from the three universities. (Note that the sample sizes are not equal.)

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Definitions:

Decrease in Supply

A situation where the quantity of a good that producers are willing to produce and sell at a given price level falls.

Supply Curve

A graphical representation showing the relationship between the price of a good and the quantity of the good that suppliers are willing to produce and sell.

Good X

A placeholder term for any product or service in economic analysis.

Technology Used

Refers to the tools, equipment, and techniques applied in the production of goods and services, influencing efficiency and productivity.