In determining how different price levels will affect a household's cereal consumption,it may be essential to take household size into account.This is best analyzed by ________.
A)n-way ANOVA
B)one-way ANOVA
C)ANCOVA
D)regression

Question

Quizplus · Accepted Answer

ANCOVA (analysis of covariance) is best suited for analyzing the relationship between a categorical independent variable (price levels in this case) and a continuous dependent variable (cereal consumption), while controlling for the effects of a continuous covariate (household size). One-way ANOVA would not account for the effects of household size, while n-way ANOVA and regression may not be necessary for this specific analysis.

In Determining How Different Price Levels Will Affect a Household's