Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1.A consumer organization wants to know if there is a difference in the price of a particular toy at three different types of stores. The

  1. 1.A consumer organization wants to know if there is a difference in the price of a particular toy at three different types of stores. The price of the toy was checked in a sample of five discount toy stores, five variety stores, and five department stores. The results are shown below.

Discount toy

Variety

Department

$12

15

19

13

17

17

14

14

16

12

18

20

15

17

19

An ANOVA was run and the results are shown below. At the .05 significance level, is there a difference in the mean prices between the three stores? What is the p-value? Explain why an ANOVA was used to analyze this problem.

One factor ANOVA

Mean

n

Std. Dev

13.2

5

1.30

Discount Toys

16.2

5

1.64

Variety

18.2

5

1.64

Department

15.9

15

2.56

Total

ANOVA table

Source

SS

df

MS

F

p-value

Treatment

63.33

2

31.667

13.38

.0009

Error

28.40

12

2.367

Total

91.73

14

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Algebra Math 1st Grade Workbook

Authors: Jerome Heuze

1st Edition

979-8534507850

More Books

Students also viewed these Mathematics questions