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FIGURE 3-6
-Refer to Figure 3-6.If the initial demand and supply curves are D1 and S1,equilibrium price and quantity are represented by point
Factorial ANOVA
A statistical test used to examine the effects of two or more independent variables on a dependent variable, including interaction effects between them.
Interaction
In statistics, the way in which two or more variables are related to each other and the effect they have on the outcome of interest.
Simple ANOVA
A statistical method used to compare the means of three or more samples to determine if they come from the same population.
Factorial ANOVA
A statistical test used to evaluate whether there are any significant differences between the means of three or more groups for two or more factors simultaneously.
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