Given That the Sum of Squares for Treatments (SST) for an ANOVA

question 69

Multiple Choice

Given that the sum of squares for treatments (SST) for an ANOVA F-test is 9,000 and there are four total treatments, find the mean square for treatments (MST) .

• A) 3,000
• B) 2,250
• C) 1,800
• D) 1,500

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Definitions:

Demand Schedule

A table of numbers showing the amounts of a good or service buyers are willing and able to purchase at various prices over a specified period of time.

Economic Profit

The difference between total revenue and total cost, including both explicit and implicit costs.

Industry Entry

Refers to the process of a new firm or business starting operations in a specific industry, typically involving overcoming barriers to entry.

Demand Schedule

A table or graph showing the quantity of a good or service that consumers are willing and able to purchase at various prices.