A consumer organization wants to know whether there is a difference in the price of a particular

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A consumer organization wants to know whether there is a difference in the price of a particular toy at three different types of stores. The price of the toy was checked in a sample of five discount stores, five variety stores, and five department stores. The results are shown here. Use the .05 significance level.

Discount Variety Department $12 $15 $19 13 17 17 14 14 16 12 18 20 15 17 19

a. What are the null and alternate hypotheses?

b. Compute the ANOVA table.

c. What is the test statistic?

d. What if the p-value?

e. What is your decision regarding the null hypothesis?

f. Interpret the result.

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Statistical Techniques In Business And Economics

ISBN: 9781260239478

18th Edition

Authors: Douglas Lind, William Marchal, Samuel Wathen

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