In: Statistics and Probability
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.
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.