In a One-Factor ANOVA, the Computed Value of F Will

question 86

Multiple Choice

In a one-factor ANOVA, the computed value of F will be negative:

• A)when there is no difference in the treatment means.
• B)when there is no difference within the treatments.
• C)when the SST (total) is larger than SSE (error).
• D)under no circumstances.

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Definitions:

Elasticity

A measure of how much the quantity demanded or supplied of a good changes in response to a change in its price or other economic factors.

Demand

The desire of purchasers, consumers, or clients for a particular good or service, coupled with the ability and willingness to pay for it.

Demand Curve

A graphical representation showing the relationship between the price of a good or service and the quantity demanded for a given period.

Elastic

Describes a situation in which the supply or demand for a good or service significantly changes in response to price changes.