In a One-Way ANOVA,the Null Hypothesis Is Always

question 36

Multiple Choice

In a one-way ANOVA,the null hypothesis is always

• A)there is no difference in the population means.
• B)there is some treatment effect.
• C)all the population means are different.
• D)some of the population means are different.

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Definitions:

Market Price

The current price at which a good or service can be bought or sold in a particular market.

Firm

An organization, especially one involved in business or commerce, that produces and sells goods or services.

Economic Profit

The difference between a firm's total revenue and its total costs, including both explicit and implicit costs.

Profit-Maximizing Output

The level of production at which a company achieves the highest possible profit, where marginal cost equals marginal revenue.