Compute the Sum of Squares Compute the Treatment Sum of Squares, SSTR

question 62

Multiple Choice

Compute the sum of squares.
-A one-way ANOVA is to be performed. Independent random samples are selected from four different populations. The sample data are given in the table below. $$\begin{array} { c | c | c | c } \text { Sample 1 } & \text { Sample 2 } & \text { Sample 3 } & \text { Sample 4 } \\\hline 2 & 4 & 3 & 3 \\5 & 5 & 5 & 9 \\8 & & 1 & 4 \\& & 8 & 6 \\& & 7 &\end{array}$$ Compute the treatment sum of squares, SSTR.

• A)116.6
• B)1.7
• C)351.7
• D)74.0

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Definitions:

Product Promotion

Various marketing strategies and tactics used to increase awareness, interest, and sales of a product.

Monopolistically Competitive Industry

A commercial setup in which various enterprises market goods that are comparable, though not identical, granting them a measure of control within the marketplace.

Elasticity Of Demand

An indicator of the level of change in consumer demand for a product based on fluctuations in its price.

Normal Profit

The minimum level of profit needed for a company to remain competitive in the market; it occurs when total revenues are equal to total costs, including opportunity costs.