When Conducting a One-Way Independent ANOVA with Three Levels on the Independent

question 10

Multiple Choice

When conducting a one-way independent ANOVA with three levels on the independent variable, an F-ratio that is large enough to be statistically significant tells us:

• A)That the model fitted to the data accounts for less variation than extraneous factors, but it doesn't tell us where the differences between groups lie.
• B)That there is a significant three-way interaction.
• C)That all of the differences between means are statistically significant.
• D)That one or more of the differences between means is statistically significant but not where the differences between groups lie.

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Definitions:

Average Variable Costs

The total variable costs of production divided by the quantity of output produced, reflecting the cost of producing each additional unit.

Repairs

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Production Function

A mathematical expression that determines the output of a company, sector, or the total economy for every possible mix of inputs.

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