One-Way ANOVA Is Performed on Independent Samples Taken from Three

question 84

Multiple Choice

One-way ANOVA is performed on independent samples taken from three normally distributed populations with equal variances.The following summary statistics were calculated: $$\begin{array} { l l l } n _ { 1 } = 6 & \bar { x } _ { 1 } = 50 & s _ { 1 } = 5.2 \\n _ { 2 } = 8 & \bar { x } _ { 2 } = 55 & s _ { 2 } = 4.9 \\n _ { 3 } = 6 & \bar { x } _ { 3 } = 51 & s _ { 3 } = 5.4\end{array}$$ The grand mean equals:

• A) 50.0.
• B) 52.0.
• C) 52.3.
• D) 53.0.

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Definitions:

Economic Losses

Economic losses refer to the reduction in financial value experienced by individuals, businesses, or the economy as a whole due to adverse events or decisions.

Economic Gains

Increases in economic welfare, often measured by improvements in income, production, or satisfaction levels.

Salsa Manufacturers

Companies or entities involved in the production and distribution of salsa, a type of spicy sauce.

Law of Supply

The economic principle stating that as the price of a good increases, the quantity supplied of the good also increases, ceteris paribus.