When We Have an Interval-Ratio Dependent Variable and Are Comparing

question 33

Multiple Choice

When we have an interval-ratio dependent variable and are comparing two groups, the appropriate test of significance is the ________. When we have an interval-ratio dependent variable and are comparing three or more groups, the appropriate test of significance is the ________.

• A) t test, ANOVA
• B) ANOVA, t test
• C) chi square, ANOVA
• D) t test, chi square

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Definitions:

Cost Of Discounts

The reduction in revenue a company faces when it offers products or services at a reduced price.

Receivables Balance

The total amount of money owed to a company by its customers for goods or services delivered, but not yet paid for.

Average Collection Period

The average number of days it takes for a business to receive payments owed by its customers.

Average Daily Sales

The average amount of sales generated per day over a specific period, commonly used to assess business performance.