Describe in Brief the Concepts of Electronic Dispute Resolution, Electronic

question 57

Essay

Describe in brief the concepts of electronic dispute resolution, electronic arbitration, and electronic mediation.

Identify the visual representation of interaction and main effects on graphs.

Understand the principles of main effects in ANOVA.

Recognize the application and purpose of factorial ANOVA.

Differentiate between one-way and factorial ANOVA.

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Definitions:

Choice Set

The collection of all possible options available for selection by a decision-maker.

Leftover Income

The amount of income that remains after all necessary expenses, such as bills and living costs, have been paid.

Budget Constraint

A limit on the consumption bundles that a consumer can afford given their income and the prices of goods.

Equation

A mathematical statement that asserts the equality of two expressions, usually denoted by the symbol '='.