Using the Following One-Way ANOVA Summary Table, How Many Subjects

question 42

Multiple Choice

Using the following one-way ANOVA summary table, how many subjects were in each group, if the ns were equal? $\begin{array}{|l|l|l|l|l|l|}\hline \text { Source of variation } & \text { SS } & \text { df } & \text { MS } & \text { F } & \text { P } \\\hline \text { Between } & 200 & 4 & \text { B } & \text { D } & .01 \\\hline \text { Within } & \text { A } & 80 & \text { C } & & \\\hline \text { Total } & 1000 & & & & \\\hline\end{array}$

• A) 4
• B) 17
• C) 80
• D) 84

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Definitions:

Adverse Selection

A situation where asymmetric information leads to the selection of undesirable risks by one party in a transaction, often seen in insurance and financial markets.

Moral Hazard

When a party whose actions are unobserved can affect the probability or magnitude of a payment associated with an event.

Asymmetric Information

Asymmetric information exists when one party in a transaction has more or better information than the other, potentially leading to an imbalance in power or unfair outcomes.

Standardization

The process of making something conform to a standard, typically to facilitate compatibility and interoperability among multiple items or systems.