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TABLE 11-4
An agronomist wants to compare the crop yield of 3 varieties of chickpea seeds. She plants 15 fields, 5 with each variety. She then measures the crop yield in bushels per acre. Treating this as a completely randomized design, the results are presented in the table that follows.
Trial Smith Walsh Trevor
1 11.1 19.0 14.6
2 13.5 18.0 15.7
3 15.3 19.8 16.8
4 14.6 19.6 16.7
5 9.8 16.6 15.2
-Referring to Table 11-4, based on the Tukey-Kramer procedure with an overall level of significance of 0.01, the agronomist would decide that there is a significant difference between the crop yield of Smith and Trevor seeds.
Expected Return
The anticipated gain or loss on an investment, considering both the risk and return.
Expected Return
Expected return is the anticipated profit or loss from an investment, based on the potential outcomes and their probabilities, often used to evaluate investment choices.
Risky Asset
An asset that carries a degree of risk that the value or return could be higher or lower than expected.
Future
Represents the time period that has not occurred yet, often used in the context of predicting economic, financial, or technological developments.
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