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Your One-Way ANOVA Research Hypothesis Was That Average Years of Schooling

question 43

Multiple Choice

Your one-way ANOVA research hypothesis was that average years of schooling (EDUC) differed between strong Republicans, Independents, and strong Democrats. On the basis of the following output, which pairs of groups significantly differ?
Multiple Comparisons
EDUC Tukey HSD
$\begin{array}{|ll|r|r|r|}\hline & & & & \\\text { (I) POLPARTY } & \text { (J) POLPARTY } & \begin{array}{c}\text { Mean } \\\text { Difference (1- } \\\mathrm{J}\end{array} & \text { Std. Error } & \text { Sig. } \\\hline 1 \text { strong Republican } & 4 \text { independent } & 1.647^{*} & .602 & .018 \\& 7 \text { strong Democrat } & -471 & .606 & .718 \\\hline 4 \text { independent } & 1 \text { strong Republican } & -1.647^{*} & .602 & .018 \\& 7 \text { strong Democrat } & -2.118^{*} & .511 & .000 \\\hline 7 \text { strong Democrat } & 1 \text { strong Republican } & 471 & .606 & .718 \\& 4 \text { independent } & 2.118^{*} & .511 & .000 \\\hline\end{array}$
$*$ . The mean difference is significant at the $0.05$ level.

Understand how changes in accounting principles and methods are reported.

Grasp the concepts and calculations related to earnings per share and dividend yield.

Understand the purposes of different types of financial analysis (e.g., leverage, profitability).

Recognize the importance and purpose of an audit.

Definitions:

Disposable Income

Funds households are left with for saving or expenditure after income taxes are taken out.

APC (Average Propensity to Consume)

The fraction of income that is spent on consumption as opposed to savings.

Disposable Income

The amount of money available to households for making purchases and savings after the removal of income taxes.

Saving

The act of setting aside a portion of current income for future use, or the portion of income not spent on current expenditures.