Definition

Analysis of variance

Analysis of variance is a statistical method used to determine whether a relationship exists among two or more variables by formulating concurrent comparisons of the variables.


Analysis of variance is the statistical technique for determining whether the differences found in a DEPENDENT VARIABLE in an EXPERIMENT are greater than can be expected by chance.

Share it:  Cite

More from this Section

  • Business literacy
    Business literacy is the knowledge and understanding of the financial, accounting, marketing ...
  • Davis-Bacon Act
    Davis-Bacon Act is a law passed in 1931 that sets wage rates for laborers employed by ...
  • Fair representation
    Fair representation term means that a trade union, so long as it continues to be entitled ...
  • Equal employment opportunity
    Equal employment opportunity refers legislation designed to provide an employment environment ...
  • Dependent care assistance plan
    Dependent care assistance plan is an employer benefit plan that provides employees with ...