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Analysis of covariance (ANCOVA)
It is initially used for an expansion of the analysis of variance which permits to the possible effects of continuous concomitant variables (such as covariates) on the response variable, additionally to the effects of the factor or the treatment variables. Generally supposed that covariates are unaffected by the treatments and that their relationship to the response is linear in nature. If such a relationship exists then the inclusion of covariates in this means decreases the error mean square and thus increases the sensitivity of the F-tests used in assessing the treatment differences. The term now seems to also be more generally used for almost any of the analysis seeking to assess the relationship among response variable and a number of the explanatory variables
There are two diagnostic tests for a disease. Among those who have the disease, 10% give negative results on the first test, and independently of this, 5% give negative results on
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The data in the data frame asset are from Myers (1990), \Classical and Modern Regression with Applications (Second Edition)," Duxbury. The response y here is rm return on assets f
Lorenz Curve It is a graphic method of measuring dispersion. This curve was devised by Dr. Max o Lorenz a famous statistician. He used this technique for wealth it i
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Advantages It is especially useful in case of open-end classes since only the position and not the values of items must be known. The median is also recommended if th
Use the information given below to find the P-value. Also, use a 0.05 significance level and state the conclusion about the null hypothesis (reject the null hypothesis or fail to
how to analyzePractice-Based Evidence Back to the Future
Suppose the money supply process is now represented by the following function: where m measures the sensitivity of money supply with respect to the interest rate. (i) Us
Consider the sample of 60 package design ratings given in the table below. A Sample of Package Design Ratings (Composite S
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