Question

In: Statistics and Probability

The spreadsheet entitled Compact Cars has sales data for six of the top automobile models, over...

The spreadsheet entitled Compact Cars has sales data for six of the top automobile models, over a six month period in 2018. There are no sales for the whole/complete of 2018 year sales data meaning what is available is a sample of the 2018 year sales. Your task is to test both: if the mean number of automobile types sold is significantly different for all of the six models AND whether or not the mean number of automobiles sold per month is significantly different between the months (Some these tests will be taught in a later part of the class under “Hypothesis Testing” & ANOVA). The sample of automobile sales data for 2018 is in the Excel file provided. So, first do the following tests and conclude the findings (these have been taught in class):

Project data

Month Chevy Malibu Ford Fusion Hyundai Sonata Honda Accord Toyota Camry VW Passat
January 21,711 21,303 21,006 19,341 20,985 19,671
February 18,274 19,385 19,992 20,872 19,785 19,105
March 17,934 16,557 15,713 17,181 16,889 16,006
April 19,387 17,420 15,054 14,500 14,093 14,083
May 17,097 16,147 15,023 15,800 15,727 16,875
June 16,244 16,173 14,295 15,058 15,236 16,893

Answer from part 1:

Chevy Cruze

Ford Focus

Hyundai Elantra

Honda Civic

Toyota Corolla

VW Jetta

Mean

18441

17831

16847

17125

17119

17106

Median

18104

16989

15384

16491

16308

16884

Mode

0

0

0

0

0

0

Range

5467

5156

6711

6372

6892

5588

Stdev

192.85

2090.29

2881.97

2524.78

2710.96

2050.49

Part 2

1. Introduction to the problem and formulation of the business problems presented

2. Data description

3. Descriptive statistics and the supporting graphs   

4. Analyses   

5. Interpretation of results, explain the methods shortcoming (if any, if you don’t think there is shortcoming please explain why the methods are appropriate for this analyses), final conclusions which include practical decision-making

Please answer part 2.

Solutions

Expert Solution

For Cars:

The hypothesis being tested is:

H0: µ1 = µ2 = µ3 = µ4 = µ5 = µ6

Ha: At least one means is not equal

Mean n Std. Dev
18,441.2 6 1,923.85 Chevy Malibu
17,830.8 6 2,090.29 Ford Fusion
16,847.2 6 2,881.97 Hyundai Sonata
17,125.3 6 2,524.78 Honda Accord
17,119.2 6 2,710.96 Toyota Camry
17,105.5 6 2,050.49 VW Passat
17,411.5 36 2,282.95 Total
ANOVA table
Source SS    df MS F    p-value
Treatment 1,08,93,072.81 5 21,78,614.561 0.38 .8577
Error 17,15,22,670.17 30 57,17,422.339
Total 18,24,15,742.97 35

The p-value is 0.8577.

Since the p-value (0.8577) is greater than the significance level (0.05), we fail to reject the null hypothesis.

Therefore, we cannot conclude that the mean number of automobile types sold is significantly different for all of the six models.

For Months:

The hypothesis being tested is:

H0: µ1 = µ2 = µ3 = µ4 = µ5 = µ6

Ha: At least one means is not equal

Mean n Std. Dev
20,669.5 6 944.53 January
19,568.8 6 877.45 February
16,713.3 6 808.09 March
15,756.2 6 2,172.00 April
16,111.5 6 772.67 May
15,649.8 6 951.77 June
17,411.5 36 2,282.95 Total
ANOVA table
Source SS    df MS F    p-value
Treatment 13,97,38,114.14 5 2,79,47,622.828 19.65 1.17E-08
Error 4,26,77,628.83 30 14,22,587.628
Total 18,24,15,742.97 35

The p-value is 0.0000.

Since the p-value (0.0000) is less than the significance level (0.05), we can reject the null hypothesis.

Therefore, we can conclude that the mean number of automobiles sold per month is significantly different between the months.


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