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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.
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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