Question
https://docs.google.com/spreadsheets/d/1K7KvlsA0CnVgJIYIj78m_Mmd_7dq20xvR6EMuW5ZN18/edit?usp=sharing Data is in link above 1) Based on your data, is there a significant difference in prices among the different Type ? State all
https://docs.google.com/spreadsheets/d/1K7KvlsA0CnVgJIYIj78m_Mmd_7dq20xvR6EMuW5ZN18/edit?usp=sharing
Data is in link above
1) Based on your data, is there a significant difference in prices among the different
Type? State all your hypotheses and conclusions clearly in the standard format.
2) What are your results and conclusions from the Levene test?
3) Conduct the Tukey test (at the 5% level of significance) and describe the conclusions you derive from this test.
4) If one assumed that the cost of resale cars was independent of Type of the car, then what choice should one have made a decade ago to maximize the resale value of these cars, based on this data? What pair of Types had the most significant difference?
5) This is old data and current trends may differ. Research current Type preferences for GM cars and give your team's advice and reasons as to what Type of GM car one should buy and NOT buy if the only objective is to maximize the resale value.
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