Which of the Following Is Not a Required Assumption for the Analysis

question 102

Multiple Choice

Which of the following is not a required assumption for the analysis of variance?

• A)The random variable of interest for each population has a normal probability distribution.
• B)The variance associated with the random variable must be the same for each population.
• C)At least 2 populations are under consideration.
• D)Populations have equal means.

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Definitions:

Overhead Costs

Indirect expenses related to the operation of a business that are not directly assignable to a specific product or service.

Direct Labor Hours

The total hours worked by employees directly involved in the manufacturing of a product or the provision of a service.

Machine Hours

A measure of production time used in cost accounting to allocate costs to products or job orders, based on the hours a machine is operated.

Batch Size

The quantity of items or units produced in a single manufacturing run or production cycle, which can significantly impact production efficiency and cost.