Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You want to see if the median Household Income is different among the likely voters of the top three candidates in the Jefferson State Senate

You want to see if the median Household Income is different among the likely voters of the top three candidates in the Jefferson State Senate Primary Geoff Picton, Arnold Pereira, & Megan Harrison. You randomly select 8 voters for each candidate.

At the 0.05 significance level, is there a difference median household income?

Median Household Income (Picton) Median Household Income (Pereira) Median Household Income (Harrison)
39842 38230 59384
30113 34621 59389
66301 48113 87273
95443 88225 42433
37814 34526 58475
49020 44537 80084
45332 40338 112938
30211 34219 59383

STEP A: Calculate, c, the number of groups.

STEP B: Calculate, , the number of observations for each group, j.

STEP C: Calculate the mean value for each group, .

STEP D: Calculate the grand mean, .

STEP E: Calculate the degrees of freedom for:

  • SST: Total Sum of Squares
  • SSA: Among Group Variation
  • SSW: Within Group Variation

STEP F: Calculate:

  • SST: Total Sum of Squares
  • SSA: Among Group Variation
  • SSW: Within Group Variation

STEP G: Calculate:

  • MSA: Mean Square Among
  • MSW: Mean Square Within

STEP H: What is the Significance of the F-Stat? How do you interpret the F-Stat?

STEP I: Complete a One-Way ANOVA Table

ANOVA
d.f. SS MS F p-value

Among

Groups

Within

Groups

Total

STEP J: Calculate the Tukey-Kramer Critical Range?

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_2

Step: 3

blur-text-image_3

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

Financial Management Of Financial Institutions

Authors: George H Hempel

1st Edition

0133159604, 9780133159608

More Books

Students also viewed these Finance questions

Question

1. Describe the factors that lead to productive conflict

Answered: 1 week ago