Solution) A Realtor wishes to assess whether a difference exists, at a significance level of 0.05, between hom


Question: A Realtor wishes to assess whether a difference exists, at a significance level of 0.05, between home prices in three subdivisions. Independent samples of homes from each of the three subdivisions – 18 homes in total - are obtained and their prices are recorded. The analysis of variance results for comparing these prices is started below.

SOURCE SUM OF SQUARES D.F. MEAN SQUARES F-stat
Treatment 157.44 ______ _________ ________
Error 253.50 ______ _________
Total 410.94 ______

a) What are the null and alternative hypotheses that we need to test?

b) Complete the blanks in the table.

c) What is your estimate of the P-value for this F test?

d) What is our conclusion for the hypothesis test (in plain English)?

Price: $2.99
Answer: The solution consists of 2 pages
Deliverables: Word Document

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