If an Analysis of Variance Is Used for the Following $F$

question 5

Multiple Choice

If an analysis of variance is used for the following data, what would be the effect of changing the value of M₂ to 20?

• A) increase SSbetween and increase the size of the F-ratio
• B) increase SSbetween and decrease the size of the \( F \)-ratio
• C) decrease SSbetreen and increase the size of the F-ratio
• D) decrease SSbetreen and decrease the size of the F-ratio

---

Definitions:

Short Run

A period in economics during which at least one factor of production is fixed, limiting the ability of the economy or firm to adjust.

Long Run

A time frame in economics where all factors of production can be varied, allowing for full adjustment to changes.

Marginal Revenue

The enhanced earnings a business receives by selling one more unit of its goods or services.

Marginal Cost

The swell in overall financial outlay resulting from the crafting of an extra unit of a good or service.