Recall that the file contains information on the quantitative variables, size (number of carats) and price (in

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Recall that the file contains information on the quantitative variables, size (number of carats) and price (in dollars), and on the qualitative variables, color (D, E, F, G, H. and I), clarity (IF. VS1, VS2, VVS1, and VVS2), and independent certification group (GIA, HRD, or IGI). Select one of the quantitative variables and one of the qualitative variables.
a. Set up the null and alternative hypotheses for determining whether the means of the quantitative variable differ for the levels of the qualitative variable.
b. Use the data to conduct the test, part a, at a = 10. State the conclusion in the words of the problem.
c. Check any assumptions required for the methodology used in part b to be valid.
d. Follow up the analysis with multiple comparisons of the treatment means. Use an experiment-wise error rate of .05. Interpret the results practically.
For information: Refer to the Journal of Statistics Education study of308 diamonds for sale on the open market. Exercise 2.157 (p. 117).
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Statistics For Business And Economics

ISBN: 9780321826237

12th Edition

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

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