Suppose that a random sample of n = 5 was selected from the vineyard properties for sale in Sonoma County, California, in each of three years. The following data are consistent with summary information on price per acre for disease-resistant grape vineyards in Sonoma County. Determine whether there is evidence to support the claim that the mean price per acre for vineyard land in Sonoma County was not the same for each of the three years considered. Test at the 0.05 level and at the 0.01 level.
Write null and alternate hypothesis.
Mention the name of the test and also mention all assumptions required.
Test all the assumptions. If the assumptions are not satisfied use nonparametric methods.
Compute the p –value (or critical value), and write you conclusion.
If you are using R, provide your code in the appendix. If you are using calculator you need to mention the name of the calculator
Suppose that a random sample of n = 5 was selected from the vineyard properties for sale in Sonoma County, California, in each of three years. The following data are consistent with summary information on price per acre for disease-resistant grape vineyards in Sonoma County. Determine whether there is evidence to support the claim that the mean price per acre for vineyard land in Sonoma County was not the same for each of the three years considered. Test at the 0.05 level and at the 0.01 level.
1996: 30000 34000 36000 38000 40000
1997: 30000 35000 37000 38000 40000
1998: 40000 41000 43000 44000 50000
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 2 images
