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Exhibit 7-11: In a 2 3 experimental design three kinds of treatments (A, B, and C) were used with two groups of subjects (M and N) .The number of subjects and the mean of each group are as follows:
The following is the incomplete summary table of multifactor analysis of variance.Complete the table and answer the following questions.
-Refer to Exhibit 7-11.Assume that the F ratios for between rows and interaction are statistically significant, but the F ratio for between columns is not statistically significant.In accepting these results, is it possible that
Tax Incidence
The analysis of the effect of a particular tax on the distribution of economic welfare among entities in the economy.
Tax Rate
The rate at which taxes are applied to the income of a person or a company.
Tax Burden
The total amount of tax that individuals, businesses, or specific sectors of the economy bear.
Federal Personal Income Tax
A tax levied by the federal government on the income of individuals, with rates varying based on income levels.
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