Question

13 Assignment The price drivers pay for gasoline often varies a great deal across regions throughout the United States. The f
0 0
Add a comment Improve this question Transcribed image text
Answer #1

Output using excel : Data > Data Analysis > Anova: Two-Factor Without Replication

Anova: Two-Factor Without Replication
SUMMARY Count Sum Average Variance
Akron, Ohio 3 11.38 3.793333 0.001033
Cincinnati, Ohio 3 11.42 3.806667 0.006033
Cleveland, Ohio 3 11.61 3.87 0.0004
Columbus, Ohio 3 11.32 3.773333 0.000233
Ft. Wayne, Indiana 3 11.54 3.846667 0.000433
Indianapolis, Indiana 3 11.56 3.853333 0.000233
Lansing, Michigan 3 11.96 3.986667 0.003033
Lexington, Kentucky 3 11.36 3.786667 3.33E-05
Louisville, Kentucky 3 11.41 3.803333 0.001033
Muncie, Indiana 3 11.51 3.836667 0.000633
Toledo, Ohio 3 11.38 3.793333 0.008233
Shell 11 41.8 3.8 0.00468
BP 11 42.29 3.844545 0.004867
Marathon 11 42.36 3.850909 0.003829
ANOVA
Source of Variation SS df MS F P-value F crit
Rows 0.1080 10 0.0108 8.3937 0.0000 2.3479
Columns 0.0169 2 0.0085 6.5764 0.0064 3.4928
Error 0.0257 20 0.0013
Total 0.1507 32

The p-value corresponding to Column is 0.0062

Conclusion:

Reject the null hypothesis. It is significant.

Add a comment
Know the answer?
Add Answer to:
13 Assignment The price drivers pay for gasoline often varies a great deal across regions throughout...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • The price drivers pay for gasoline often varies a great deal across regions throughout the United...

    The price drivers pay for gasoline often varies a great deal across regions throughout the United States. The following data show the price per gallon for regular gasoline for a random sample of gasoline service stations for three major brands of gasoline (Shell, BP, and Marathon) located in eleven metropolitan areas across the upper Midwest region (OhioGasPrices.com website, March 18, 2012) Click on the datafile logo to reference the data. DATA file Metropolitan Area Akron, Ohio Cincinnati, Ohio Cleveland, Ohio...

  • The price drivers pay for gasoline often varies a great deal across regions throughout the United...

    The price drivers pay for gasoline often varies a great deal across regions throughout the United States. The following data show the price per gallon for regular gasoline for a random sample of gasoline service stations for three major brands of gasoline (Shell, BP, and Marathon) located in 11 metropolitan areas across the upper Midwest region.† Metropolitan Area Shell BP Marathon Akron, Ohio 3.77 3.83 3.78 Cincinnati, Ohio 3.72 3.83 3.87 Cleveland, Ohio 3.87 3.85 3.89 Columbus, Ohio 3.76 3.77...

  • The price drivers pay for gasoline often varies a great deal across regions throughout the United...

    The price drivers pay for gasoline often varies a great deal across regions throughout the United States. The following data show the price per gallon for regular gasoline for a random sample of gasoline service stations for three major brands of gasoline (Shell, BP and Marathon) located in 11 metropolitan areas across the upper Midwest region.T Metropolitan Area She BP Marathon Akron, Ohio Cincinnati, Ohio Cleveland, Ohio Columbus, Ohio Ft. Wayne, Indiana Indianapolis, India 3.85 3.84 Lansing, Michigan Lexington, Kentucky...

  • PLease answer the questions given, I dont need just the conclusion of anova test Three brands...

    PLease answer the questions given, I dont need just the conclusion of anova test Three brands of gasoline (Shell, BP, and Marathon) were deliberately selected for an observational study. The study was conducted to understand which brand of gasoline among the three selected is cheaper across the metropolitan areas of mid-west. A gas station for each brand of gas from 10 metropolitan areas were randomly selected for the study. It is a well-known fact that, the price drivers pay for...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT