An insurance company is trying to determine if there is a significant difference in the mean...
Fantastic news! We've Found the answer you've been seeking!
Question:
![image](https://dsd5zvtm8ll6.cloudfront.net/si.experts.images/questions/2024/05/663f3f89cb861_065663f3f89a93b2.jpg)
Transcribed Image Text:
An insurance company is trying to determine if there is a significant difference in the mean approval based on education level. The accompanying approval data comes from a sample of customer. Additionally, you will find a partially completed ANOVA table, complete the table, use it to address the following questions. Use a significance level of 0.01. SUMMARY Groups College Grad Count Sum Average Variance 9 31 3.44 1.03 Grauate Degree 8 36 4.50 0.57 Some College 7 22 3.14 1.48 ANOVA Source of Variation SS df MS F P-value Between Groups Within Groups 1.0000 Total 29 Find the F-test statistic. F= (Type an integer or decimal rounded to two decimal places as needed.) Find the p-value. p = (Type an integer or decimal rounded to three decimal places as needed.) What is the critical value of the test statistic: 5.78 An insurance company is trying to determine if there is a significant difference in the mean approval based on education level. The accompanying approval data comes from a sample of customer. Additionally, you will find a partially completed ANOVA table, complete the table, use it to address the following questions. Use a significance level of 0.01. SUMMARY Groups College Grad Count Sum Average Variance 9 31 3.44 1.03 Grauate Degree 8 36 4.50 0.57 Some College 7 22 3.14 1.48 ANOVA Source of Variation SS df MS F P-value Between Groups Within Groups 1.0000 Total 29 Find the F-test statistic. F= (Type an integer or decimal rounded to two decimal places as needed.) Find the p-value. p = (Type an integer or decimal rounded to three decimal places as needed.) What is the critical value of the test statistic: 5.78
Expert Answer:
Answer rating: 100% (QA)
To find the Ftest statistic we first need to calculate the Mean Square MS for both Between Groups an... View the full answer
Posted Date:
Students also viewed these mathematics questions
-
Dissertation Topic: "The Effects of Cybersecurity Measures on the Productivity and Well-being of Teleworkers in the Healthcare Industry". Introduction Draft no more than TWO paragraphs here -...
-
A deficiency of the trace element selenium in the diet can negatively impact growth, immunity, muscle and neuromuscular function, and fertility. The introduction of selenium supplements to dairy cows...
-
State DMV records indicate that of all vehicles undergoing emissions testing during the previous year, 70% passed on the first try. A random sample of 200 cars tested in a particular county during...
-
1. Do Problem 5- 25 using the FIFO method of process costing. Explain any difference between the cost per equivalent unit in the assembly department under the weighted- average method and the FIFO...
-
Your maths problem x+3x-3
-
Sports Company is located in Alberta. Below are the following situations that occurred during the year. Note that Sports Company has a December 31, 2020 year end. a) They received funds of $170,000...
-
A two-degree-of-freedom system has a. one normal mode b. two normal modes c. many normal modes
-
The number of degrees of freedom of a vibrating system depends on a. number of masses b. number of masses and degrees of freedom of each mass c. number of coordinates used to describe the position of...
-
Fill in the Blank. The inertia coupling is also known as __________ coupling.
-
What is the difference between complete combustion and theoretical combustion?
-
A student pours chloroform into the palm of his hand. As the liquid evaporates, his hands feels cold. Is the process of evaporation of chloroform exothermic or endothermic?
![Mobile App Logo](https://dsd5zvtm8ll6.cloudfront.net/includes/images/mobile/finalLogo.png)
Study smarter with the SolutionInn App