The Experimentwise Error Rate Is Defined as the Probability of Making

question 14

Multiple Choice

The experimentwise error rate is defined as the probability of making a Type I error

• A)when comparing one pair of means in an experiment where there are more than two means.
• B)when computing confidence intervals for level means.
• C)anywhere among the comparisons of means.
• D)when comparing the means of two or more factors in an experiment.

---

Definitions:

Physical Capital

The tangible assets that are used in the production of goods and services, including buildings, machinery, and equipment.

Dinner

The main meal of the day, traditionally eaten in the evening.

Microeconomics

The branch of economics that studies how people make decisions and how those decisions interact.

Scarcity

The fundamental economic problem of having seemingly unlimited human wants and needs in a world of limited resources.