If an Analysis of Variance Is Used for the Following

question 39

Multiple Choice

If an analysis of variance is used for the following data,what would be the effect of changing the value of SS₁ to 50? Sample Data

• A)Increase SS_within and increase the size of the F-ratio M₁ = 10 M₂ = 20
• B)Increase SS_within and decrease the size of the F-ratio SS₁ = 90 SS₂ = 70
• C)Decrease SS_within and increase the size of the F-ratio
• D)Decrease SS_within and decrease the size of the F-ratio

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Definitions:

Marginal Output

The additional output that results from the use of one more unit of a production input, assuming other inputs are constant.

AVC

Average Variable Cost, the per unit cost of variable inputs divided by the total output produced, indicating the variable cost for each unit of output.

ATC

Stands for Average Total Cost, which is the sum of all production costs divided by the quantity of output produced.

Short Run

A period in economics during which some factors of production are fixed, making it impossible for a business to change major production facilities.