METHODS OF DATA ANALYSIS
PARAMETRIC AND NON PARAMETRIC TESTS
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
In analysis of variance, which form of variance must be estimated?
|
|
Within group variance
|
|
|
Between group variance
|
|
|
Difference of within group variance to between group variance
|
|
|
Both a & b
|
Explanation:
Detailed explanation-1: -Analysis of variance (ANOVA) is a statistical technique used to check if the means of two or more groups are significantly different from each other. ANOVA checks the impact of one or more factors by comparing the means of different samples.
Detailed explanation-2: -The three main types of variance analysis are material variance, labor variance and fixed overhead variance.
There is 1 question to complete.