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SCENARIO 11-11
An agronomist wants to compare the crop yield of 3 varieties of chickpea seeds. She plants all 3
varieties of the seeds on each of 5 different patches of fields. She then measures the crop yield in
bushels per acre. Treating this as a randomized block design, the results are presented in the table that
follows.
-Referring to Scenario 11-11, based on the Tukey-Kramer procedure with an overall
level of significance of 0.01, the agronomist would decide that there is a significant difference
between the crop yield of Smith and Trevor seeds.
Real GDP
The measure of a country's economic output adjusted for price changes (inflation or deflation), providing a more accurate reflection of an economy's size and how it's growing over time.
GDP Deflator
An indicator showing the price levels for all newly created, final goods and services produced within a country's borders.
Inflation
The increment in the overall cost metrics for goods and services, diluting the currency's purchasing strength.
NDP
Net Domestic Product, an economic indicator measuring the total value of all goods and services produced within a country in a year, minus depreciation.
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