Post Hoc Comparisons Are Used

question 56

Multiple Choice

Post hoc comparisons are used

• A)prior to the calculation of to determine if an ANOVA is necessary.
• B)after is found to be significant.
• C)after is found to be nonsignificant.
• D)when we plan on comparing only certain specified pairs of sample means with each other.

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Definitions:

Standard Deviation

A statistical measure that quantifies the variability or dispersion of a set of data points or investment returns around the mean.

Utility Function

A mathematical representation of a consumer's preferences, used in economics to model choices made under uncertainty, to maximize satisfaction or utility.

Expected Utility

A concept in economics that calculates the utility expected from an investment, considering all possible outcomes.

Standard Deviation

A measure of the dispersion of a set of data from its mean, indicating how spread out the values in a data set are.