A Repeated-Measures Analysis of Variance for a Study Comparing Three $\alpha$

question 19

Multiple Choice

A repeated-measures analysis of variance for a study comparing three treatment conditions with a sample of n = 10 participants, produces an F-ratio of F = 5.40.For this result, which of the following is the correct statistical decision?

• A)Reject the null hypothesis with \(\alpha\) = .05 but not with \(\alpha\) = .01.
• B)Reject the null hypothesis with either \(\alpha\) = .05 or \(\alpha\) = .01.
• C)Fail to reject the null hypothesis with either \(\alpha\) = .05 or \(\alpha\) = .01.
• D)There is not enough information to determine the correct decision.

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Definitions:

Consumer Surplus

The contrast between the total sum consumers are ready and financially equipped to spend on a good or service, and the sum they actually spend.

Producer Surplus

The divergence between the price at which sellers are ready to offer a good or service and the price they actually obtain.

Economic Efficiency

A state in which resources are allocated in a way that maximizes the total benefit received by society from those resources.

Consumer Surplus

The divergence between the price consumers are willing to pay and what they really spend on a good or service.