In assessing South Korean monetary policy, researchers at the Bank of Korea studied the effects of three ination-ghting policies the bank had instituted, to determine

• In assessing South Korean monetary policy, researchers at the Bank of Korea studied the effects of three inflation-fighting policies the bank had instituted, to determine whether there were any statistically significant differences in the average monetary-economic reaction to these three policies. The results of an ANOVA the bank carried out were reported as df = (2, 55), F-distribution statistic = 52.787.7 Interpret these ANOVA results. Are all three policies equally effective?
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