The Ikea Index, created by Gabriel Thulin, a Swedish statistician, tracks the average cost of a bask
Question: The Ikea Index, created by Gabriel Thulin, a Swedish statistician, tracks the average cost of a basket of 26 Ikea products across 15 countries: Finland, Denmark, Norway, Italy, Belgium, France, Spain, Austria, Switzerland, Germany, Sweden, Britain, Canada, the Netherlands, and the US (listed here in increasing order of the variable measured). If an ANOVA is carried out to test equality of average index value across the 15 countries, and the sample sizes in all countries are 50 each, and SST = 75,980, SSE = 199,876, conduct the test at the 0.05 level of significance.
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Answer: The solution consists of 1 page
Deliverables: Word Document
Deliverables: Word Document