One-Way ANOVA Is Applied to Independent Samples Taken from Three $\mu$

question 75

Multiple Choice

One-way ANOVA is applied to independent samples taken from three normally distributed populations with equal variances.Which of the following is the null hypothesis for this procedure?

• A) \(\mu\)₁ + \(\mu\)₂ + \(\mu\)₃ = 0
• B)\(\mu\)₁ + \(\mu\)₂ + \(\mu\)₃ \(\neq\) 0
• C) \(\mu\)₁ = \(\mu\)₂ = \(\mu\)₃ = 0
• D) \(\mu\)₁ = \(\mu\)₂ = \(\mu\)₃

---

Definitions:

Estimated Gross Profit Rate

A projected figure that calculates the percentage of gross profit to sales, used for analyzing a company's financial health.

Inventory Turnover

A metric that indicates how many times a company’s inventory is sold and replaced over a specific period.

Retail Method

An accounting technique used to estimate inventory value by calculating a cost to retail price ratio and applying it to the ending inventory at retail prices.