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When a ANOVA Is Found Statistically Significant, Follow-Up Tests Should

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When a ANOVA is found statistically significant, follow-up tests should be conducted to determine which pair of the means is different from each other. The follow-up test is also known as the:


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Economic Profits

Profits that exceed both the explicit and implicit costs of a business, including a normal return on investment.

Differentiate Products

The process of distinguishing a product or service from others in the market to make it more attractive to a particular target market.

Interindustry Competition

The competition for sales between the products of one industry and the products of another industry.

Oligopolistic Industries

Markets dominated by a small number of large firms, leading to a high level of market concentration.

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