The Following Data Were Analyzed Using One-Way Analysis of Variance

question 7

Multiple Choice

The following data were analyzed using one-way analysis of variance.
$$\begin{array} { c c c } \mathrm { A } & \mathrm { B } & \mathrm { C } \\\hline 34 & 27 & 19 \\26 & 23 & 31 \\31 & 29 & 22 \\28 & 21 & 22\end{array}$$ ` Which one of the following statements is correct?

• A) The purpose of the analysis is to determine whether the groups A, B, and C are independent.
• B) The purpose of the analysis is to test the hypothesis that the population means of the three groups are equal.
• C) The purpose of the analysis is to test the hypothesis that the population variances of the three groups are equal.
• D) The purpose of the analysis is to test the hypothesis that the sample means of the three groups are equal.

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Definitions:

Short-Run Supply Curve

A graphical representation showing the quantity of goods that producers are willing to supply at different prices in the short term, when at least one input is fixed.

Business Owner

An individual or entity that possesses and oversees the operations of a company or enterprise, ensuring its functionality and aiming for its success.

Profitability

The degree to which a business or activity yields profit or financial gain, measured by the ratio of profit to revenues or investment.