Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. Compare a one-way ANOVA on the following data. Use.05 level of significance A C 3 4 3 6. 3 4 3 1 5

 

1. Compare a one-way ANOVA on the following data. Use.05 level of significance A C 3 4 3 6. 3 4 3 1 5 2. Family Transportation costs are usually higher than most people believe because those costs include car payments, insurance, fuel costs, repairs, parking, and public transportation. Twenty randomly selected families in four major cities are asked to use their records to estimate a monthly figure for transportation cost. Use the data obtained and ANOVA to test whether there is a significant different in monthly transportation cost for families living in these cities. Assume that a = .05 Discuss the business implications of your findings. Atlanta New York Los Angeles Chicago 650 250 850 540 480 525 700 450 550 300 950 675 600 175 780 550 675 500 600 600 3. 2. 1,

Step by Step Solution

3.56 Rating (167 Votes )

There are 3 Steps involved in it

Step: 1

1 Step 1 of 2 1 The data given is as follows Group 1 A Group 2 B Group 3 C 2 5 3 1 3 4 3 6 5 3 4 5 2 5 3 1 5 Sum 12 23 25 Average 2 46 4167 i X ij 2 2... 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

Step: 3

blur-text-image

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

Econometric Analysis

Authors: William H. Greene

5th Edition

130661899, 978-0130661890

More Books

Students also viewed these Mathematics questions