Question

In: Statistics and Probability

4) Finally, you wish to determine if the mean monthly sales of the shirt in the...

4) Finally, you wish to determine if the mean monthly sales of the shirt in the superstores that comprise part of the chain in four regions of the country that you have defined differ from each other. Random samples of the sales of the item in stores chosen from each region are selected. The sample data comprising these sales figures is shown in appendix four below. At the 1% level of significance, are there any differences in the mean monthly sales of the item in the populations of superstores in the four regions of the country? If you do observe that there are differences in the mean monthly sales of the shirt, perform the necessary additional test to ascertain which pairs of stores exhibit different mean sales at the 1% level of significance. Perform the appropriate test to show whether the desired property of homogeneity of variances exists for this study, also at the 1% level of significance

Region

   Store                 One                Two                Three             Four               

      1                      459                 282                 545                 490

      2                      490                 355                 588                 402

      3                      421                 348                 496                 397

      4                      500                 389                 439                 440

      5                      489                 276                 476                 501

      6                      540                 430                 510                 375

      7                      555                 387                 519                 398

            8                      421                 411                 483                 490

            9                      489                 443                 311                 355

         10                     551                 477                 390                 439

         11                     490                 398                 430                 503

         12                     401                 375                 275                 622

Q.01,4, 44 = 4.68                                       

Solutions

Expert Solution

One-way ANOVA: Sales versus Store

Source DF SS MS F P
Store 3 68801 22934 4.53 0.007
Error 44 222800 5064
Total 47 291601

Comment: The estimated p-value is 0.007 and less than 0.01 significance level. hence, at the 1% level of significance, there are at least two regions of the country has significant mean monthly sales of the item in the populations.

From both the test statistics, the p-values are more than 0.01 significance level. Hence, we can conclude that the desired property of homogeneity of variances exists for this study.


Related Solutions

4) Finally, you wish to determine if the mean monthly sales of the shirt in the...
4) Finally, you wish to determine if the mean monthly sales of the shirt in the superstores that comprise part of the chain in four regions of the country that you have defined differ from each other. Random samples of the sales of the item in stores chosen from each region are selected. The sample data comprising these sales figures is shown in appendix four below. At the 1% level of significance, are there any differences in the mean monthly...
Finally, you wish to determine if the mean monthly sales of the shirt in the superstores...
Finally, you wish to determine if the mean monthly sales of the shirt in the superstores that comprise part of the chain in four regions of the country that you have defined differ from each other. Random samples of the sales of the item in stores chosen from each region are selected. The sample data comprising these sales figures is shown in appendix four below. At the 1% level of significance, are there any differences in the mean monthly sales...
Finally, you wish to study whether the mean sales of various models of Nikon cameras that...
Finally, you wish to study whether the mean sales of various models of Nikon cameras that are sold by various stores differ from each other. Random samples of sales of the models of Nikon camera are selected. The data concerning the sales of these models are shown in appendix four below. At the 1% level of significance, are there any differences in the yearly mean sales of the models of Nikon camera in these populations of stores? If you do...
A sales analyst wants to determine whether there is difference in the mean monthly sales (in...
A sales analyst wants to determine whether there is difference in the mean monthly sales (in RM) of cosmetic company of six sales region in Johor. Several salespersons from each region are chosen and their monthly sales were recorded in Table Q2. Monthly sale (RM) Company A Company B Company C Company D Company E Company F 4250 3930 3960 4350 4150 3970 3980 4010 4020 4450 3890 4160 4020 4050 4130 3880 4568 4370 4130 4220 4350 4574 4480...
4) In addition to studying the mean monthly sales of the product, the analyst wishes to...
4) In addition to studying the mean monthly sales of the product, the analyst wishes to study the proportion of stores that have experienced a return rate of at least 20% of the product sold at its store within 90 days of the purchase of the item. Store policy requires any return of the shirt to be done at the store at which the shirt was purchased. What minimum numbers of stores need to be selected to estimate the desired...
Optimizing Performance: Finally, you will determine an optimal solution that will maximize the organization’s objectives. You...
Optimizing Performance: Finally, you will determine an optimal solution that will maximize the organization’s objectives. You will need to consider the level of sensitivity and uncertainty of alternative solutions in supporting your optimal solution. The analyses need to be submitted in an annotated excel file and include a rationale. A. Determine the values of the constraints to be used to generate the target number when running Solver. [QSO-320-03] B. Using Solver, calculate the level of sensitivity of decision variables and...
Finally, you have been asked to compare the mean ages of the supporters of the candidate...
Finally, you have been asked to compare the mean ages of the supporters of the candidate in various sectors of the country. Random samples of supporters of the candidate are selected from five geographic areas. The data that has been collected is shown in appendix four below. At the 5% level of significance, are there any differences in the mean ages of the supporters of the candidate based on their residencies? If you do find any differences in the mean...
Suppose that you just turned 25 years old and that you wish to receive a monthly...
Suppose that you just turned 25 years old and that you wish to receive a monthly ordinary annuity of $9,302 for 30 years (ages 65-95, end of month payments). How much would your monthly contributions also be at the end of each month until age 60, if you let the funds vest until age 65 with no further contributions? Your EAR is 6.0%?
We wish to estimate the mean serum indirect bilirubin level of 4-day-old infants. The mean for...
We wish to estimate the mean serum indirect bilirubin level of 4-day-old infants. The mean for a sample of 16 infants was found to be 5.98 mg/100 cc. Assume that bilirubin levels in 4-day-old infants are approximately normally distributed with a standard deviation of 3.5 mg/100 cc. Construct the 99 percent confidence interval for the population mean.
If you have to construct an embankment structure and you wish to determine the volume of...
If you have to construct an embankment structure and you wish to determine the volume of fill between two stations located 1 station apart describe in your own words how would you determine such volume in cubic yards? Discuss and show any formulas you may know.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT