Which of the Following Is Not a Condition Required for a Valid

question 19

Multiple Choice

Which of the following is not a condition required for a valid ANOVA F-test for a completely randomized experiment?

• A)The sample chosen from each of the populations is sufficiently large.
• B)The sampled populations all have distributions that are approximately normal.
• C)The variances of all the sampled populations are equal.
• D)The samples are chosen from each population in an independent manner.

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Definitions:

Maximum Profit

The highest possible financial gain that can be achieved from the operations of a business after all costs have been subtracted.

Market Price

The present cost at which a service or asset is available for purchase or sale.

Output

The total amount of goods and services produced by an economy, a sector, or a business over a specific period of time.

Economic Profit

The difference between the firm’s total revenues and its total costs, including both the explicit and implicit cost components.