In ANOVA,the F-Test Is the Ratio of Two Sample Variances

question 90

Multiple Choice

In ANOVA,the F-test is the ratio of two sample variances.In the one-way ANOVA (completely randomized design) ,the variance used as a numerator of the ratio is:

• A)mean square for treatments.
• B)mean square for error.
• C)total sum of squares.
• D)None of these choices.

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Definitions:

Cost-Plus Pricing

A pricing strategy where the selling price is determined by adding a specific markup to a product's cost.

Multiproduct Pricing

Pricing strategies adopted by companies that sell multiple products and seek to maximize overall profits by considering cross-product price elasticity and cost structures.

Price Leadership

A situation where one dominant firm in an industry sets the price of goods or services, and other firms follow suit.

OPEC

The Organization of the Petroleum Exporting Countries, an international cartel that aims to manage the supply of oil in an effort to set the price of oil on the world market.