In an ANOVA Test, If MSB Is Significantly _____ Than

question 14

Multiple Choice

In an ANOVA test, if MSB is significantly _____ than the MSW, we will ________.

• A) less, reject the null hypothesis
• B) greater, reject the null hypothesis
• C) greater, fail to reject the null hypothesis
• D) greater, recompute as this is mathematically impossible

---

Definitions:

Oligopolistic

Pertaining to a market structure where a small number of firms dominate the industry, leading to limited competition and high barriers to entry.

Decision Variable

A variable that decision makers control in planning and decision-making processes, representing choices available to achieve an objective.

Price Takers

Economic agents who accept market prices as given because they do not have enough market power to influence those prices.

Strategic Behavior

Actions taken by firms or individuals that consider the responses or reactions of other participants and attempt to influence outcomes.