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 | 3.79 |
Ft. Wayne, Indiana | 3.83 | 3.84 | 3.87 |
Indianapolis, Indiana | 3.85 | 3.84 | 3.87 |
Lansing, Michigan | 3.93 | 4.04 | 3.99 |
Lexington, Kentucky | 3.79 | 3.78 | 3.79 |
Louisville, Kentucky | 3.78 | 3.84 | 3.79 |
Muncie, Indiana | 3.81 | 3.84 | 3.83 |
Toledo, Ohio | 3.69 | 3.83 | 3.86 |
Find the value of the test statistic. (Round your answer to two decimal places.)
Find the p-value. (Round your answer to three decimal places.)
We have to compare average price per gallon for regular gasoline for three major brands of gasoline (Shell, BP, and Marathon)
So we have to perform one way ANOVA.
We can use excel to perform one way ANOVA.
Go to Data menu ---> data analysis ----> Select Anova: Single Factor
For Input range select the entire data table ( with headings Shell, BP, and marathon).
Check the box for "Labels in the first Row" . ( If you did not selected the column headings Shell, BP, and marathon then do not need to check this box )
Then click on OK.
The analysis output will be as follows :
Test statistic : F = 1.77
p-value : 0.187
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 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...
13 Assignment 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 (OthioGasPrices.com website, March 18, 2012). Click on the datafile logo to reference the data. DATA file Shell Marathon 3.78 3.89 3.87 3.76...
The accompanying table shows the average price for a gallon of gas for the 50 states during April 2012. State Price per Gallon Alaska 4.36 Alabama 3.79 Arkansas 3.76 Arizona 3.87 California 4.22 Colorado 3.89 Connecticut 4.17 Delaware 3.89 Florida 3.94 Georgia 3.83 Hawaii 4.61 Iowa 3.75 Idaho 3.77 Illinois 4.06 Indiana 3.95 Kansas 3.71 Kentucky 3.92 Louisiana 3.80 Massachusetts 3.91 Maryland 3.96 Maine 4.00 Michigan 3.93 Minnesota 3.72 Missouri 3.67 Mississippi 3.78 Montana 3.77 North Carolina 3.89 North Dakota...
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...