What is the greatest limitation of conducting an analysis of variance test when trying to ascertain if there is a statistically significant difference between groups?
What will be an ideal response?
ANOVA only indicates if there is any statistically significant difference among the means of multiple populations. By itself it does not indicate which of the means, specifically, are different. Post-hoc tests such as the Tukey-Kramer multiple comparison procedure can be conducted to determine where specific differences exist.
Business
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Managers can run a business with only human and physical resources.
a. true b. false
Business
Which of the following statements regarding a limited partner is(are) usually true? The limited partner is subject to personal liability for partnership debts. The limited partner has the right to take part in the control of the partnership.
A. I and II. B. I only. C. II only. D. Neither I nor II.
Business