A Professor of Statistics in Simon Fraser University Wants to Determine

question 58

Multiple Choice

A professor of statistics in Simon Fraser University wants to determine whether the average starting salaries among graduates of the nine universities in British Columbia are equal. A sample of 25 recent graduates from each university was randomly taken. The appropriate critical value for the ANOVA test is obtained from the F-distribution. What are the respective numbers of degrees of freedom for this distribution?

• A) 8 and 216
• B) 9 and 25
• C) 25 and 15
• D) 360 and 14

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Definitions:

Cash Equivalent

Short-term, highly liquid investments that are readily convertible to known amounts of cash and are subject to insignificant risk of changes in value.

Money Market

A section of the financial market where short-term funds are borrowed and lent, involving instruments like treasury bills and commercial paper.

Cash on Hand

The total amount of any accessible cash or near-cash assets, such as money in checking or savings accounts, at any given time.

Negotiable Checks

Negotiable checks are financial instruments that allow the person in possession of the check to transfer the claim for payment to another party.