As Credit Standards Are Relaxed, Sales Are Expected to Increase

question 7

True/False

As credit standards are relaxed, sales are expected to increase and the investment in accounts receivable is expected to decrease.

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Definitions:

Interaction

In statistics, the way in which two or more variables are related to each other and the effect they have on the outcome of interest.

Simple ANOVA

A statistical method used to compare the means of three or more samples to determine if they come from the same population.

Factorial ANOVA

A statistical test used to evaluate whether there are any significant differences between the means of three or more groups for two or more factors simultaneously.

Main Effects

The immediate effect that an independent variable has on a dependent variable within an experimental setup.