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(b) The computed F-statistic for determining if region has an effect on worth of billionaires is (round off to three decimal points) Interpretation of result in part (b) above is (use critical value=2.68) since the result is not significant, region has an effect on average worth since the result is significant, region has an effect on average worth since the result isnot significant, region does not have an effect on average worth since the result is significant, region does not have an effect on average worth 4

(b) The computed F-statistic for determining if region has an effect on worth of billionaires is (round off to three decimal points) Interpretation of result in part (b) above is (use critical value=2.68) since the result is not significant, region has an effect on average worth since the result is significant, region has an effect on average worth since the result isnot significant, region does not have an effect on average worth since the result is significant, region does not have an effect on average worth 4

MATLAB: An Introduction with Applications
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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A finanicial research group is interested in finding out if the region an individual comes from has an effect on their riches. They therefore sampled 125 billionaires from four regions: USA, Asia, Middle East and Europe and obtained information on how much they were worth. A one way ANOVA model was used for analysis. Part of the results were as follows: Region USA Asia Count 28 37 Middle East 24 Europe 36 Average Standard deviation 5.096 3.273 2.842 4.244 2.7932 1.8993 1.0749 2.4162
Transcribed Image Text:A finanicial research group is interested in finding out if the region an individual comes from has an effect on their riches. They therefore sampled 125 billionaires from four regions: USA, Asia, Middle East and Europe and obtained information on how much they were worth. A one way ANOVA model was used for analysis. Part of the results were as follows: Region USA Asia Count 28 37 Middle East 24 Europe 36 Average Standard deviation 5.096 3.273 2.842 4.244 2.7932 1.8993 1.0749 2.4162
(b) The computed F-statistic for determining if region has an effect on worth of billionaires is (round off to three decimal points) Interpretation of result in part (b) above is (use critical value=2.68) since the result is not significant, region has an effect on average worth since the result is significant, region has an effect on average worth since the result isnot significant, region does not have an effect on average worth Psince the result is significant, region does not have an effect on average worth 45
Transcribed Image Text:(b) The computed F-statistic for determining if region has an effect on worth of billionaires is (round off to three decimal points) Interpretation of result in part (b) above is (use critical value=2.68) since the result is not significant, region has an effect on average worth since the result is significant, region has an effect on average worth since the result isnot significant, region does not have an effect on average worth Psince the result is significant, region does not have an effect on average worth 45
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