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I to Employ ANOVA, the Populations Being Studied Must Be

question 89

Multiple Choice

i. To employ ANOVA, the populations being studied must be approximately normally distributed. ii. A technique that is efficient when simultaneously comparing more than two population means is known as analysis of variance (ANOVA) .
iii. The least number of sources of variation in ANOVA is two.


Definitions:

Efficient

Being efficient refers to achieving maximum productivity with minimum wasted effort or expense.

Tremendous Competition

A highly competitive market condition where numerous competitors strive intensely to win market share.

Financial Markets

Places or systems where financial instruments, such as stocks, bonds, and commodities, are traded between investors.

Efficient

The characteristic of being able to accomplish a task or function with the minimum waste of time and effort; effectiveness combined with resourcefulness.

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