In: Statistics and Probability
Using the following dataset, conduct a one-way ANOVA and post-hoc comparisons if necessary. A real estate developer is considering investing in a shopping mall on the outskirts of Atlanta, GA. Three parcels of land are being evaluated. Of particular importance is the income in the area surrounding the proposed mall. A random sample of four families is selected near each proposed mall. The following are the sample results. At the 0.05 significance level, can the developer conclude there is a difference in the mean income?
Southwyck Area (in $1,000’s) (Group 1) |
Franklin Park (in $1,000’s) (Group 2) |
Old Orchard (in $1,000’s) (Group 3) |
64 |
74 |
75 |
68 |
71 |
80 |
70 |
69 |
76 |
60 |
70 |
78 |
1. (2 points) What is the F-value for the one-way ANOVA test:
a. 18.14
b. 14.18
c. 138.25
d. None of the above
2. (2 points) What is the p-value:
a. 0.0071
b. 14.18
c. 0.0017
d. None of the above
3. (2 points) What is the mean for Group 1:
a. 65.5
b. 71.0
c. 77.3
d. None of the above
4. (2 points) What is the mean for Group 2:
a. 65.5
b. 71.0
c. 77.3
d. None of the above
5. (2 points) What is the mean for Group 3:
a. 65.5
b. 71.0
c. 77.3
d. None of the above
6. (2 points) Is there a difference mean income between at least two of the areas?
a) TRUE b) FALSE
7. (2 points) Using the results of the Tukey test (alpha = 0.05), is Group 1 significantly different from Group 2?
a) TRUE b) FALSE
8. (2 points) Using the results of the Tukey test (alpha = 0.05), is Group 2 significantly different from Group 3?
a) TRUE b) FALSE
9. (2 points) Using the results of the Tukey test (alpha = 0.05), is Group 1 significantly different from Group 3?
a) TRUE b) FALSE
Using the following dataset, conduct a one-way ANOVA and post-hoc comparisons if necessary. The following is sample information. Test the hypothesis that all treatment means are equal at the 0.05 significance level.
Treatment 1 (Group 1) |
Treatment 2 (Group 2) |
Treatment 3 (Group 3) |
8 |
3 |
3 |
6 |
2 |
4 |
10 |
4 |
5 |
9 |
3 |
4 |
10. (2 points) What is the F-value for the one-way ANOVA test:
a. 21.94
b. 14.18
c. 31.083
d. None of the above
11. (2 points) What is the p-value:
a. 0.01
b. 0.05
c. 0.03
d. None of the above
12. (2 points) What is the mean for Group 1:
a. 3.0
b. 4.0
c. 5.1
d. None of the above
13. (2 points) What is the mean for Group 2:
a. 3.0
b. 4.0
c. 5.1
d. None of the above
14. (2 points) What is the mean for Group 3:
a. 3.0
b. 4.0
c. 5.1
d. None of the above
15. (2 points) Is there a difference mean income between at least two of the treatment groups?
a) TRUE b) FALSE
16. (2 points) Using the results of the Tukey test (alpha = 0.05), is Group 1 significantly different from Group 2?
a) TRUE b) FALSE
17. (2 points) Using the results of the Tukey test (alpha = 0.05), is Group 2 significantly different from Group 3?
a) TRUE b) FALSE
18. (2 points) Using the results of the Tukey test (alpha = 0.05), is Group 1 significantly different from Group 3?
a) TRUE b) FALSE
Use the following dataset for the next four questions:
X: 5 3 6 3 4 4 6 8
Y: 13 15 7 12 13 11 9 5
19. (3 points) What is the Pearson correlation value r(x,y)? r = _________
a. -0.98
b. -0.89
c. 0.89
d. None of the above
20. (3 points) Is the “r” signifcant at alpha = 0.05?
a) TRUE
b) FALSE
21. (4 points) Identify the regression equation below
a. Y = 19.12 + 1.74(X)
b. Y = 19.12 – 1.74(X)
c. Y = -4.802 – 1.74(X)
d. None of the above
22. (3 points) Calculate the value of Y when X is 7:
a. 9.64
b. 4.96
c. 6.94
d. None of the above
Mr. James McWhinney, president of Daniel-James Financial Services, believes there is a relationship between the number of client contacts and the dollar amount of sales. To document this assertion, Mr. McWhinney gathered the following sample information. The X column indicates the number of client contacts last month, and the Y column shows the value of sales (in thousands $) last month for each client sampled.
Number of Contacts (X) |
Sales (in thousands $) Y |
14 |
24 |
12 |
14 |
20 |
28 |
16 |
30 |
46 |
80 |
23 |
30 |
48 |
90 |
50 |
85 |
55 |
120 |
50 |
110 |
a. Sales = -12.2 + 2.19(Contacts)
b. Sales = 2.19 – 12.2(Contacts)
c. Sales = 6.56 + 0.176(Contacts)
d. None of the above
24. (3 points) Calculate the estimated sales if 40 contacts are made:
a. Approximately 57
b. Approximately 75
c. Approximately 85
d. Approximately 105
using minitab>stat>ANOVA >One way
we have
One-way ANOVA: Group 1, Group 2, Group 3
Method
Null hypothesis All means are
equal
Alternative hypothesis At least one mean is different
Significance level α = 0.05
Equal variances were assumed for the analysis.
Factor Information
Factor Levels Values
Factor 3 Group 1, Group 2, Group 3
Analysis of Variance
Source DF Adj SS Adj MS F-Value
P-Value
Factor 2 276.50 138.250 14.18 0.002
Error 9 87.75 9.750
Total 11 364.25
Model Summary
S R-sq R-sq(adj) R-sq(pred)
3.12250 75.91% 70.56% 57.17%
Means
Factor N Mean StDev 95% CI
Group 1 4 65.50 4.43 (61.97, 69.03)
Group 2 4 71.00 2.16 (67.47, 74.53)
Group 3 4 77.25 2.22 (73.72, 80.78)
Pooled StDev = 3.12250
Tukey Pairwise Comparisons
Grouping Information Using the Tukey Method and 95% Confidence
Factor N Mean Grouping
Group 3 4 77.25 A
Group 2 4 71.00 B
Group 1 4 65.50 B
Means that do not share a letter are significantly different.
Tukey Simultaneous Tests for
Differences of Means
Difference SE of Adjusted
Difference of Levels of Means Difference 95% CI T-Value
P-Value
Group 2 - Group 1 5.50 2.21 (-0.67, 11.67) 2.49 0.080
Group 3 - Group 1 11.75 2.21 ( 5.58, 17.92) 5.32 0.001
Group 3 - Group 2 6.25 2.21 ( 0.08, 12.42) 2.83 0.047
Individual confidence level =
97.91%
Ans 1 )What is the F-value for the one-way ANOVA test:
b. 14.18
2. (2 points) What is the p-value:
c. 0.0017
3. (2 points) What is the mean for Group 1:
a. 65.5
4. (2 points) What is the mean for Group 2:
b. 71.0
5. (2 points) What is the mean for Group 3:
c. 77.
6. (2 points) Is there a difference mean income between at least two of the areas?
a) TRUE
7. (2 points) Using the results of the Tukey test (alpha = 0.05), is Group 1 significantly different from Group 2?
b) FALSE
8. (2 points) Using the results of the Tukey test (alpha = 0.05), is Group 2 significantly different from Group 3?
a) TRUE
9. (2 points) Using the results of the Tukey test (alpha = 0.05), is Group 1 significantly different from Group 3?
a) TRUE
using minitab>stat>Regresion
we have
Regression Analysis: y versus x
The regression equation is
y = 19.12 - 1.743 x
S = 1.65786 R-Sq = 79.4% R-Sq(adj) = 75.9%
Analysis of Variance
Source DF SS MS F P
Regression 1 63.3840 63.3840 23.06 0.003
Error 6 16.4910 2.7485
Total 7 79.8750
19. (3 points) What is the Pearson correlation value r(x,y)? r = _________
b. -0.8
20. (3 points) Is the “r” signifcant at alpha = 0.05?
a) TRUE
21. (4 points) Identify the regression equation below
b. Y = 19.12 – 1.74(X)
22. (3 points) Calculate the value of Y when X is 7:
c. 6.94
using minitab>stat>Regresion
we have
Regression Analysis: Sales (in thousands $) Y versus Number of Contacts (X)
The regression equation is
Sales (in thousands $) Y = - 12.20 + 2.195 Number of Contacts
(X)
S = 9.31045 R-Sq = 95.1% R-Sq(adj) = 94.5%
Analysis of Variance
Source DF SS MS F P
Regression 1 13555.4 13555.4 156.38 0.000
Error 8 693.5 86.7
Total 9 14248.9
a. Sales = -12.2 + 2.19(Contacts)
24. (3 points) Calculate the estimated sales if 40 contacts are made:
b. Approximately 75