I for the Population Means, the Alternate Hypothesis Used in the Analysis

question 21

Multiple Choice

i. For the population means, the alternate hypothesis used in the analysis of variance test states thatµ₁=µ₂=µ₃. ii. For an ANOVA test, rejection of the null hypothesis does not identify which populations differ significantly.
iii. The null hypothesis for an ANOVA isµ₁-µ₂=µ₃.

• A) (i), (ii), and (iii) are all correct statements.
• B) (i) and (ii) are correct statements but not (iii).
• C) (i) and (iii) are correct statements but not (ii).
• D) (ii) and (iii) are correct statements but not (i).
• E) (i), (ii), and (iii) are all false statements.

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Definitions:

Annual Financial Advantage

Describes the financial benefit or gain achieved by an entity over the course of a fiscal year, encompassing all revenue streams and savings.

Variable Costs

Costs that vary directly with the level of business activity.

Variable Costs

Costs that vary in total directly and proportionately with changes in the activity level or volume of output.

Financial Advantage

The benefit or edge that a business or individual has that allows them to generate more income or wealth compared to others.