In a Short Essay,discuss Analysis of Variance and List at Least

question 15

Essay

In a short essay,discuss analysis of variance and list at least three questions that relate to the examination of the differences in the mean values of more than two groups.

---

Definitions:

Expected Returns

The anticipated return on an investment, estimating the average of probability-weighted returns for a given asset.

Probability Distribution

A probability distribution is a mathematical function that provides the probabilities of occurrence of different possible outcomes in an experiment.

Variability

The extent to which data points in a set differ from each other and from the mean of the set; a measure of dispersion or volatility.

Standard Deviation

A measure of the dispersion or variability of a set of data points around the mean, commonly used in finance to represent the volatility or risk associated with a particular investment.