I have the answer but I want to make sure

SoccerBoss
Category:
Statistics
Price: $5 USD

Question description

1.  A consumer organization wants to know if there is a difference in the price of a particular toy at three different types of stores. The price of the toy was checked in a sample of five discount toy stores, five variety stores, and five department stores. The results are shown below.

Discount toy

Variety

Department

$12

15

19

13

17

17

14

14

16

12

18

20

15

17

19

An ANOVA was run and the results are shown below.  At the .05 significance level, is there a difference in the mean prices between the three stores? What is the p-value?  Explain why an ANOVA was used to analyze this problem.

One factor ANOVA

Mean

n

Std. Dev

13.2

5

1.30

Discount Toys

16.2

5

1.64

Variety

18.2

5

1.64

Department

15.9

15

2.56

Total

ANOVA table

Source

SS

  df

MS

F

  p-value

Treatment

63.33

2

31.667

13.38

.0009

Error

28.40

12

2.367

Total

91.73

14


Tutor Answer

(Top Tutor) Daniel C.
(997)
School: University of Virginia
PREMIUM TUTOR
Studypool has helped 1,244,100 students
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1827 tutors are online

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors