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Figure: Determining Surplus and Loss
-(Figure: Determining Surplus and Loss)In the graph,if the government sets a price of $5,there is a shortage of 40.
Mean Square
The mean square is the average of the squares of a set of numbers, often used in variance and regression analysis.
Degrees of Freedom
The number of values in a statistical calculation that are free to vary without violating any constraints.
F-statistic
A ratio of two variances that is used in analysis of variance (ANOVA) to assess the equality of variances across groups.
k Treatments
In statistics, refers to the application of different conditions or treatments in an experimental design involving multiple experimental groups.
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