Step by Step Solutions

[Solved] A consumer organization wants to know if there is a difference in the price of a particular toy at three different types of stores. The price of

Question: A consumer organization wants to know if there is a difference in the price of a particular toy at three different types of stores. The price of the toy was checked in a sample of five discount toy stores, five variety stores, and five department stores. The results are shown below.

Discount toy Variety Department
$12 15 19
13 17 17
14 14 16
12 18 20
15 17 19

An ANOVA was run and the results are shown below. At the .05 significance level, is there a difference in the mean prices between the three stores? What is the p-value? Explain why an ANOVA was used to analyze this problem.

One factor ANOVA
Mean n Std. Dev
13.2 5 1.30 Discount Toys
16.2 5 1.64 Variety
18.2 5 1.64 Department
15.9 15 2.56 Total
ANOVA table
Source SS df MS F p-value
Treatment 63.33 2 31.667 13.38 .0009
Error 28.40 12 2.367
Total 91.73 14

Price: $2.99
Solution: The downloadable solution consists of 2 pages
Deliverable: Word Document


∴ Other downloads you may be interested in ∴

log in to your account

Forgot password?
Don't have a membership account?
REGISTER

reset password

Back to
log in

sign up

Back to
log in