Question
8. A realtor wishes to assess whether a difference exists between home prices in three subdivisions (subdivisions A, B, and C). Independent samples of homes
8. A realtor wishes to assess whether a difference exists between home prices in three subdivisions (subdivisions A, B, and C). Independent samples of homes from each of the three subdivisions are obtained, and their prices are recorded. The analysis of variance results for comparing these prices is provided below.
| Source | DF | SS | MS | F |
| Model | ||||
| Error | 15 | 253.50 | ||
| Total | 410.94 |
- What is the value of the degrees of freedom for Groups?
- What is the value of MSM (Mean square of the model)?
- What are the null and alternative hypotheses of the F test? What is the value of the F statistic?
- What is the p-value? What is your conclusion?
- What is the R2 value? Interpret based on the R2 value.
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Algebra Form And Function
Authors: William G McCallum, Eric Connally, Deborah Hughes Hallett
2nd Edition
1119032091, 9781119032090
