Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Susie owns a yarn shop and want to expands her color selection. Before she expands her colors, she wants to find out if her customers

Susie owns a yarn shop and want to expands her color selection.

Before she expands her colors, she wants to find out if her customers prefer one brand

over another brand. Specifically, she is interested in three different types of bison yarn.

As an experiment, she randomly selected 15 different days and recorded the sales of each brand.

At the .05 significance level, can she conclude that there is a difference in preference between the brands?

Misa's Bison Yak-et-ty-Yaks Buffalo Yarns

98 79 65

85 86 83

91 72 78

87 82 66

98 91 193

What is the null hypothesis?

What is the alternative hypothesis?

What is the level of significance?

Use Tools - Data Analysis - ANOVA:Single Factor Anova: Single Factor

to find the F statistic:

From the ANOVA ooutput: What is the F value?

What is the F critical value?

What is your decision?

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

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

Corporate Financial Accounting

Authors: Carl S Warren, James M Reeve, Jonathan Duchac

11th Edition

0538480920, 9780538480925

More Books

Students also viewed these Accounting questions

Question

How is ????0 different from ????0?

Answered: 1 week ago

Question

4. What is the goal of the others in the network?

Answered: 1 week ago

Question

2. What we can learn from the past

Answered: 1 week ago