44. Buyers of sport utility vehicles (SUVs) and pickup trucks find a wide choice in today's market-...
Question:
44. Buyers of sport utility vehicles (SUVs) and pickup trucks find a wide choice in today's market- place. One of the factors that is important to many buyers is the resale value of the vehicle. The following table shows the resale value (%) after two years for 10 SUVs, 10 small pickup trucks, and 10 large pickup trucks (Kiplinger's New Cars & Trucks 2000 Buyer's Guide). Sport Utility Resale Value (%) Small Pickup Resale Value (%) Chevrolet Blazer LS 55 Ford Explorer Sport 57 GMC Yukon XL 1500 67 Honda CR-V 65 Isuzu VehiCross 62 Chevrolet S-10 Extended Cab Dodge Dakota Club Cab Sport Ford Ranger XLT Regular Cab Ford Ranger XLT Supercab GMC Sonoma Regular Cab 46 53 48 55 44 Jeep Cherokee Limited 57 Isuzu Hombre Spacecab 41 Mercury Mountaineer 59 Mazda B4000 SE Cab Plus 51 Nissan Pathfinder XE 54 Nissan Frontier XE Regular Cab 51 Toyota 4Runner 55 Toyota Tacoma Xtracab 49 Toyota RAV4 55 Toyota Tacoma Xtracab V6 50 Full-Size Pickup Chevrolet K2500 Chevrolet Silverado 2500 Ext Resale Value (%) 60 Dodge Ram 1500 Dodge Ram Quad Cab 2500 Dodge Ram Regular Cab 2500 Ford F150 XL Ford F350 Super Duty Crew Cab XL GMC New Sierra 1500 Ext Cab Toyota Tundra Access Cab Limited Toyota Tundra Regular Cab SUSISSAKS 64 54 63 59 58 64 68 53 58 At the a = .05 level of significance, test for any significant difference in the mean resale value for the three types of vehicles.
Step by Step Answer:
Essentials Of Modern Business Statistics
ISBN: 9780324312843
3rd Edition
Authors: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams