First National Bank employs three real estate appraisers whose job is to establish a property's market value before the bank offers amortgage to a prospective buyer. It is imperative that each appraiser values a property with no bias. Suppose First National Bankwishes to check the consistency of the recent values that its appraisers have established. The bank asked the three appraisers tovalue (in $1,000s) three different types of homes: a cape, a colonial, and a ranch. The results are shown in the accompanying table.(You may find it useful to reference the g table.)AppraiserHouse Type12427СареColonial429414530547541Ranch391401377E Click here for the Excel Data Filea-1. Construct an ANOVA table. (Round intermediate calculations to at least 4 decimal places. Round "SS", "MS", "p-value" to 4decimal places and "F' to 3 decimal places.)ANOVASource of VarlationdfMSFp-valueRowsColumnsErrorTotal0.0000a-2. At the 5% significance level, can you conclude that the average values differ by appraiser?No , since the p-value associated with appraiser is less than significance level.O Yes , since the p-value associated with appraiser is greater than significance level.O Yes, since the p-value associated with appraiser is less than significance level.O No. since the p-value associated with appraiser is greater than significance level.a-3. Should the bank be concerned with appraiser inconsistencies?O YesO Nob. At the 5% significance level, can you conclude that the average values differ by house type?Yes , since the p-value associated with house type is less than significance level.O No , since the p-value associated with house type is greater than significance level.OO No , since the p-value associated with house type is less than signiflcance level.O Yes, since the p-value associated with house type is greater than significance level.c. If average values differ by house type, use Tukey's HSD method at the 5% significance level to determine which averages differ. (Ifthe exact value for n7 - c is not found in the table, use the average of corresponding upper & lower studentized range values.Negative values should be indicated by a minus sign. Round your answers to 2 decimal places.)Population MeanDoes the AverageConfidence IntervalDifferencesDiffer?u1 - u2u1 - p3u2 - p3

ANOVA or the analysis of variance is used to analyse the difference between more than two means in a…

0-3. Should the bank be concerned with appraiser inconsistencies? Yes O No b. At the 5% significance level, can you conclude that the average values differ by house type? O Yes , since the p-value associated with house type is less than significance level. O No . since the p-value associated with house type is greater than significance level. O No . since the p-value associated with house type is less than significance level. O Yes , since the p-value associated with house type is greater than significance level.

0-3. Should the bank be concerned with appraiser inconsistencies? Yes O No b. At the 5% significance level, can you conclude that the average values differ by house type? O Yes , since the p-value associated with house type is less than significance level. O No . since the p-value associated with house type is greater than significance level. O No . since the p-value associated with house type is less than significance level. O Yes , since the p-value associated with house type is greater than significance level.

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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