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What Can Be Done to Reduce the Inflated Familywise Error

question 15

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What can be done to reduce the inflated familywise error rate that occurs when performing multiple pairwise comparisons to follow up a significant Kruskal-Wallis test?


Definitions:

Net Investment

The overall expense incurred on new capital assets, reduced by the depreciation value of the existing capital assets.

Gross Investment

The total amount spent on new capital assets before accounting for depreciation, representing investment in expanding productive capacity.

Depreciation

The process by which assets lose value over time due to wear and tear or obsolescence.

Savings

The portion of an individual's or entity's income that is not spent on current expenditures and is instead reserved for future use or investment.

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