An economist wants to compare the average monthly number of rotary oil rigs running in three states-California,

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An economist wants to compare the average monthly number of rotary oil rigs running in three states-California, Utah, and Alaska. In order to account for month-to-month variation, 3 months were randomly selected over a 2-year period, and the number of oil rigs running in each state in each month was obtained from data provided from World Oil (Jan. 2002) magazine. The data, reproduced in the accompanying table, were analyzed using a randomized block design.
An economist wants to compare the average monthly number of

a. Why is a randomized block design preferred over a completely randomized design for comparing the mean number of oil rigs running monthly in California. Utah, and Alaska?
b. Identify the treatments for the experiment.
c. Identify the blocks for the experiment.
d. State the null hypothesis for the ANOVA F-test. Locate the test statistic and /?-value on the XLSTAT printout shown below. Interpret the results.

An economist wants to compare the average monthly number of

f. A Tukey multiple comparisons of means (at α = .05) is summarized in the XLSTAT printout below. Which state(s) have the significantly largest mean number of oil rigs running monthly?
XLSTAT output for Exercise 9.58f
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An economist wants to compare the average monthly number of
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Related Book For  book-img-for-question

Statistics For Business And Economics

ISBN: 9780321826237

12th Edition

Authors: James T. McClave, P. George Benson, Terry T Sincich

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