Which statement about MANOVA is not true?
A) MANOVA examines group differences across multiple dependent variables simultaneously.
B) In MANOVA, the null hypothesis is that the vectors of means on multiple dependent variables are equal across groups.
C) MANOVA is most appropriate if there are multiple dependent variables that are uncorrelated or orthogonal.
D) Multivariate analysis of variance is appropriate when there are two or more dependent variables that are correlated.
C
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Distribution requirements planning is identical to material requirements planning except instead of gross requirements, a DRP record shows forecasted demand
Indicate whether the statement is true or false.
Lamberson Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on the following data: ?Total machine-hours50,000?Total fixed manufacturing overhead cost$460,000?Variable manufacturing overhead per machine-hour$3.10Recently Job P647 was completed with the following characteristics:?Number of units in the job50?Total machine-hours150?Direct materials$740?Direct labor cost$6,000Required:a. Calculate the amount of overhead applied to Job P647.b. Calculate the total job cost for Job P647.c. Calculate the unit product cost for Job P647.
What will be an ideal response?
The first unit produced in a process takes 400 hr. As the number of units produced doubles, production time decreases by 20%. Using the arithmetic approach, calculate the production time for the 64th unit.
A. 320 hr B. 256 hr C. 105 hr D. 164 hr
The random walk hypothesis
A) implies that security analysis is unable to predict future market behavior. B) suggests that random patterns appear but only over long periods of time. C) has been disproved based on recent computer simulations. D) accounts for market anomalies such as calendar effects.