Question

In: Statistics and Probability

You operate a travel advisory website, and want to give your users advice on airline timeliness....

You operate a travel advisory website, and want to give your users advice on airline timeliness. You select 4 airlines, and monitor their delays at 5 airports. You record average delay times for each airline, at each airport. Then, you run a 2-way ANOVA and get the following partial Result: ANOVA Results Source of Variance SS df MS F Airline 314 Airport 219 Error Total 621

Step 2 of 7: What are the Degrees of Freedom (df) for the variability associated with the Airlines?

Step 3 of 7:

What is the Mean Square for the variability associated with Airports?

Step 4 of 7:

What is the F-statistic for variability associated with Airlines?

Step 5 of 7:

If you are testing for significant effects at the 0.01 level of significance, what would be the critical value of F for assessing the effect of Airlines?

Step 6 of 7:

Is the effect of Airlines significant at the 0.01 level of significance?

Step 7 of 7:

Is the effect of Airports significant at the 0.01 level of significance?

Solutions

Expert Solution

ANOVA
SS df MS F p-value
airline 314 3.0000 104.6667 14.2728 0.000291
airport 219 4.0000 54.7500 7.4659 0.002929
error 88 12.0000 7.3333
total 621 19.0000

2)

df airline = 4-1 = 3

3)

MS airport = 54.7500

4)

F =14.2728

5)

=F.INV.RT(0.01,C3,C5)

=5.9525

6)

yes, significant

7)

yes,significant


Related Solutions

You operate a travel advisory website and want to give your users advice on airline timeliness....
You operate a travel advisory website and want to give your users advice on airline timeliness. You select three airlines and monitor their delays at 5 airports. You record average delay times for each airline at each airport. THen you run a 2way ANOVA and get the following partial result: ANOVA results Source of Variance SS df MS F Airline 383 Airport    296 Error Total 723 What is the sum of squares for error? WHat are the degrees of...
3. Based on unicorn valuation knowledge, what advice would you give to users who are buying...
3. Based on unicorn valuation knowledge, what advice would you give to users who are buying private company common shares on the Equity Zen platform?
You want to make plans to travel the world like you've always dreamed. base on your...
You want to make plans to travel the world like you've always dreamed. base on your calculations you estimate this trip will cost J$1,800,000 for air bnb accommodation, plane ticket and other adventures and could be done in a six week period. You plan to take this trip in seven year’s time, starting during your pre-retirement leave in January 2018. You intend to start building this travel fund in January 2011, and will continue until December 2017. Your plan is...
You have been approached by one of your clients to give him an investment advice regarding...
You have been approached by one of your clients to give him an investment advice regarding his investment portfolios. He has divided equally his RM500k into two investment portfolios: A and B for five (5) years period. The expected future net cash flows are given in percentage as shown in the table below. Year Investment A (RM) Investment B (RM) 0 Initial Capital (250,000) Initial Capital (250,000) 1 40% 42% 2 32% 34% 3 28% 16% 4 16% 24% 5...
What advice would you give George and Jeff
What advice would you give George and Jeff
You are to discuss the advice you would give a client who is investing with you...
You are to discuss the advice you would give a client who is investing with you about portfolio risk
How would you describe yourself to an investor that you want to give money to your...
How would you describe yourself to an investor that you want to give money to your business
Topic: Uncertainty What is most "uncertain" about your industry? (Transportation/Brokerage) What advice would you give your...
Topic: Uncertainty What is most "uncertain" about your industry? (Transportation/Brokerage) What advice would you give your current employer regarding pricing decisions based on this uncertainty?
You are making the case to the advisory board of your company for a business ethics...
You are making the case to the advisory board of your company for a business ethics program. In addition to avoiding the damage to your company’s reputation that results from unethical behavior, what are the remaining benefits?
If you want to operate an led bulb with a 12V battery as a single source...
If you want to operate an led bulb with a 12V battery as a single source using an NPN transistor as a switch and a microprocessor controller (such as Arduino), draw a circuit diagram for this setup, label all components and describe your approach.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT