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a) The following table represents the mean returns (in millions) generated by three insurance companies from their investment in specialized financial products over a four
a) The following table represents the mean returns (in millions) generated by three insurance companies from their investment in specialized financial products over a four year period: Years FiJi Insurance Corp. FINA Financial Corp. 2009/10 2010/11 2011/12 2012/13 2.5 1.6 1.9 -1.3 Laselles Financial Group 7.0 4.2 1.9 2.7 0.5 -2.9 2.8 1.5 i. Determine if these returns are significantly different among the three insurance companies? Use a = 0.05. (10 marks) If appropriate, use the Tukey procedure to determine which insurance company/companies differ. (5 marks) iii. Does the data provide sufficient evidence to indicate that blocking was strategy for this experiment? Explain. a useful design (3 marks) iv. What is the difference between the one-way and the two-way classification (without interaction) in the ANOVA analysis? (2 marks) a) The following table represents the mean returns (in millions) generated by three insurance companies from their investment in specialized financial products over a four year period: Years FiJi Insurance Corp. FINA Financial Corp. 2009/10 2010/11 2011/12 2012/13 2.5 1.6 1.9 -1.3 Laselles Financial Group 7.0 4.2 1.9 2.7 0.5 -2.9 2.8 1.5 i. Determine if these returns are significantly different among the three insurance companies? Use a = 0.05. (10 marks) If appropriate, use the Tukey procedure to determine which insurance company/companies differ. (5 marks) iii. Does the data provide sufficient evidence to indicate that blocking was strategy for this experiment? Explain. a useful design (3 marks) iv. What is the difference between the one-way and the two-way classification (without interaction) in the ANOVA analysis? (2 marks)
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