In Its Simplest Form,ANOVA Must Have a Dependent Variable That

question 71

True/False

In its simplest form,ANOVA must have a dependent variable that is metric.

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Definitions:

Consumer Price Index

An index measuring the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services.

Basket

A term used in finance to refer to a collection of investments, commodities, or currencies held together.

CPI

Consumer Price Index, a measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care.

Ratio

A quantitative relationship between two numbers, showing how many times one value contains or is contained within the other.