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
Deliverables: Word Document
