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 Determine the null hypothesis and the alternative hypothesis. H₂ H1 H2 H3 H₁ at least one mean is different from the others Find the F-test statistic. F= 3.94 (Type an integer or decimal rounded to two decimal places as needed.) Find the p-value. p=0.035 (Type an integer or decimal rounded to three decimal places as needed.) What is the critical value of the test statistic: 5.78 Type a decimal rounded to two decimal places.)

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Author:Amos Gilat
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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
9
Sum
Average
Variance
103
Grauate Degree
4.50
0.57
Some College
7
22
148
Determine the null hypothesis and the alternative hypothesis.
Ho
H₁
P1 P2 P3
at least one mean is different from the others
Find the F-test statistic.
F= 3.94
(Type an integer or decimal rounded to two decimal places as needed.)
Find the p-value.
p=0.035
(Type an integer or decimal rounded to three decimal places as needed.)
5.78
What is the critical value of the test statistic:
(Type a decimal rounded to two decimal places.)
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 9 Sum Average Variance 103 Grauate Degree 4.50 0.57 Some College 7 22 148 Determine the null hypothesis and the alternative hypothesis. Ho H₁ P1 P2 P3 at least one mean is different from the others Find the F-test statistic. F= 3.94 (Type an integer or decimal rounded to two decimal places as needed.) Find the p-value. p=0.035 (Type an integer or decimal rounded to three decimal places as needed.) 5.78 What is the critical value of the test statistic: (Type a decimal rounded to two decimal places.)
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