I the Statistical Technique Used to Test the Equality of Three

question 41

Multiple Choice

i. The statistical technique used to test the equality of three or more population means is called
Analysis of variance (ANOVA) .
ii. To employ ANOVA, the populations should have approximately equal standard deviations.
iii. To employ ANOVA, the populations being studied must be approximately normally distributed.

• A) (i), (ii), and (iii) are all correct statements.
• B) (i) and (ii) are correct statements but not (iii).
• C) (i) and (iii) are correct statements but not (ii).
• D) (ii) and (iii) are correct statements but not (i).
• E) (i), (ii), and (iii) are all false statements.

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Definitions:

Stakeholders' Confidence

Stakeholders' confidence refers to the trust and belief shareholders, employees, customers, and other stakeholders have in a company's management and future outlook.

Strategy

A “game plan” that enables a company to attract customers by distinguishing itself from competitors.

Organization Plans

Strategic outlines that guide a company's goals, actions, and resource allocation.

Control Phase

The stage in a project or process where monitoring and adjustments are made to ensure objectives are met efficiently and effectively.