Question: The gasoline price often varies a great deal across different regions across country X. The following data show the price per gallon for regular gasoline for a random sample of a gasoline service station for three major brands of gasoline (A, B, and C) located in 10 metropolitan areas across the country X. A B C 3.77 3.83 3.78 3.72 3.83 3.87 3.87 3.85 3.89 3.76 3.77 3.79 3.83 3.84 3.87 3.85 3.84 3.87 3.93 4.04 3.99 3.78 3.78 3.79 3.79 3.84 3.79 3.81 3.84 3.86 a. State the null and alternative hypothesis for single-factor ANOVA to test for any significant difference in the mean price of gasoline for the three brands. b. State the decision rule at 5% significance level. c. Calculate the test statistic. d. Based on the calculated test statistics decide whether any significant difference in the mean price of gasoline for three bands. Note: No excel ANOVA output allowed. Students need to show all the steps in calculations.
Question: The gasoline price often varies a great deal across different regions across country X. The following data show the price per gallon for regular gasoline for a random sample of a gasoline service station for three major brands of gasoline (A, B, and C) located in 10 metropolitan areas across the country X.
A | B | C |
3.77 | 3.83 | 3.78 |
3.72 | 3.83 | 3.87 |
3.87 | 3.85 | 3.89 |
3.76 | 3.77 | 3.79 |
3.83 | 3.84 | 3.87 |
3.85 | 3.84 | 3.87 |
3.93 | 4.04 | 3.99 |
3.78 | 3.78 | 3.79 |
3.79 | 3.84 | 3.79 |
3.81 | 3.84 | 3.86 |
a. State the null and alternative hypothesis for single-factor ANOVA to test for any significant difference in the mean price of gasoline for the three brands.
b. State the decision rule at 5% significance level.
c. Calculate the test statistic.
d. Based on the calculated test statistics decide whether any significant difference in the mean price of gasoline for three bands.
Note: No excel ANOVA output allowed. Students need to show all the steps in calculations.
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