Question
When you provide the answers to the question, please include a written narrative and provide a link to an excel spreadsheet with appropriate formulas in
When you provide the answers to the question, please include a written narrative and provide a link to an excel spreadsheet with appropriate formulas in each cell of the spreadsheet.
Suppose that a random sample of n = 5 was selected from the vineyard properties for sale in Sonoma County, California, in each of three years. The following data are consistent with summary information on price per acre for disease-resistant grape vineyards in Sonoma County. In Excel, carry out an ANOVA to determine whether there is evidence to support the claim that the mean price per acre for vineyard land in Sonoma County was not the same for each of the three years considered. Test at the 0.05 level and at the 0.01 level.
1996: 30000 34000 36000 38000 40000
1997: 30000 35000 37000 38000 40000
1998: 40000 41000 43000 44000 50000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started