The F-statistic of this analysis is equal to 2.73.The MSE of the analysis is equal to 130.46.At least one of the products provides significantly different value toconsumers on average, since the F-statistic is greater than the criticalvalue.The null hypothesis of the test is rejected.We cannot say that there is a significant difference in value to consumersbetween the products, since the F-statistic is smaller than the critical value.The critical value of this analysis is equal to 1.90.The MST of this analysis is equal to 156. Suppose you are a manager for a local clothing store. You want to introduce anew product for an upcoming holiday. You design 6 new products, and take asample of 21 customers per product design, to determine if any of the productsprovide a different value to consumers through a rating system. Your one-wayANOVA test reveals a SSTotal of 16976, along with a sum of squares betweentreatments (SST) of 1321. Using this information, conduct the appropriate one-way ANOVA test, with a significance level of 10%, to determine if any of theproducts provide a significantly different value to consumers (significantlydifferent average rating). Select the correct results of your analysis, and ifnecessary, round your answer to two decimal places. Select all choices thatapply.

From the given information, the number of groups (k) is 6.

Answered: Suppose you are a manager for a local…

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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