One-Way ANOVA Analyzes the Effect of One Factor on the Population

question 32

Multiple Choice

One-Way ANOVA analyzes the effect of one factor on the population mean.It is based on a:

• A)randomized block design
• B)completely randomized design
• C)factorial design
• D)balanced incomplete block design

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Definitions:

Utility Function

An economic model that describes how consumers rank different bundles of goods according to the levels of satisfaction or utility those bundles provide.

Horizontal Axis

In a graph or chart, the horizontal line along which the values of one variable are plotted or measured.

Vertical Axis

In graphing data, this is the y-axis, which is typically used to measure the dependent variable or show the scale of values in a chart.

Utility Function

A mathematical representation of how consumer preferences over a set of goods and services are ranked.