Exhibit 13

question 44

Multiple Choice

Exhibit 13.1 The following is an incomplete ANOVA table. Refer to Exhibit 13.1.The value of the test statistic is:

• A)1.333
• B)9.375
• C)12.5
• D)100

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Definitions:

Budget Surplus

When federal tax receipts are greater than federal government spending.

Budget Deficit

A budget deficit occurs when an entity, typically a government, spends more money than it receives in revenue over a specific period.

Exports

Goods or services sent to another country for sale.

Dumping

The practice of selling a product in a foreign market at a price that is below the cost of production or below the price in the home market, often with the aim of driving out competition.