Question
1. ANOVA. Use data from exercise 19 in Ch. 17 (ex1719_XXX.dat, where XXX is your assigned Canvas group number) from the Best Mutual Funds of
1. ANOVA. Use data from exercise 19 in Ch. 17 (ex1719_XXX.dat, where XXX is your assigned Canvas group number) from the "Best Mutual Funds" of 1996 from U.S. News & World Report. Variables in this dataset (in order) are: fund, cat (fund category: 1=Aggressive growth, 2=Long-term Growth, 3=Growth and income, 4=income), load (N= no load, L= load), vol (volatility: letter grade from A+ to F, with A+ = least variability and F = most variability), OPI (Overall Performance Index: higher = better). See textbook (Applied Regression Analysis and Other Multivariable Methods (5th ed.)
20CENTUR 1 N F 90.1
AIMAGGR 1 L F+ 92.6
STEINROE 1 N F+ 87.3
FPACAPIT 1 L D 92.4
THIRDAVE 1 N B 88.4
PHOENIX 1 L D 88.2
VANGUARD 2 N D+ 93.1
MFSRESEA 2 L D+ 93.7
FIDELITY 2 N B 91.6
MAIRS2 N C 99.3
GUARDIAN 2 L C 92.4
AIMVALUE 2 L D+ 90.8
LEXINGTO 3 N C 90.5
FUNDAMEN 3 L B 92.9
OPPENHEI 3 L D+ 90
MASVALUE 3 N B 100
VANGUARD 3 N B 89.1
PUTNAM 3 L B+ 91
FEDERATE 4 L B 89.7
UNITEDIN 4 L C+ 77
BENHAM 4 N B+ 89
MANAGERS 4 N B 84.9
PIONEER 4 L B+ 84.2
ONEGROUP 4 N B+ 83.5
- (2:P)Createand apply a formatthatwill appropriatelyidentifythe4 levels ofthefund category[cat]variable (Reminder:see lab 2).Also createmeaningfullabels forthe OPIand catvariable.Thelabels/formattingwill improve thereadabilityoftheboxplot below.
- (3:P,O)Createa boxplotofOPIby fundcategory.Make sure themean is plottedfor each group.
- (2:P,W,O)Ina small table,reportthesample size,mean,standarddeviation,minimum, and maximum ofOPIforeach fundcategorygroup.Commenton whetherthe standarddeviationsare similar across groups.
- (3:W)Inthecontextofthisproblem,writethreeformsofthe 1-way ANOVAmodel, along withthecorresponding null and alternativehypotheses.
- (2:P,O)Use SAStoperforman ANOVAand toobtainbothTukey'sand Scheffe's testsformultiplepairwise comparisons.
- (3:W)Summarize your conclusions.
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