Consider the Data Table Shown with Values for Six Individuals

question 8

Multiple Choice

Consider the data table shown with values for six individuals measured in each of four groups (A, B, C, and D) . We will conduct an ANOVA analysis of this.
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$\begin{array}{c}\text { Groups }\\\begin{array}{rrrr}\text { A } & \text { B } & \text { C } & \text { D } \\11 & 12 & 11 & 16 \\12 & 13 & 14 & 18 \\14 & 14 & 15 & 19 \\15 & 17 & 16 & 23\end{array}\end{array}$
-What is the SS_error?

• A) 64.00
• B) 72.00
• C) 80.00
• D) 88.00

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Definitions:

Real Income

The earning power of a person's money, considering the effects of inflation on purchasing power.

Wages

Payment to resource owners for their labor.

Externality

A consequence of an economic activity experienced by unrelated third parties; it can be either positive or negative.

Precision-estimates

The accuracy of an estimate in terms of how closely it predicts the actual value, often relevant in statistical analyses and forecasting.