Please determine whether there is difference in mean price of homes with proper steps starting from the hypothesis i will definitely like pls explain concept. The prices of a random sample of homes in three areas of a certain city (Areas A, B, and C) were recorded and the following ANOVA table was obtained, and we would like todetermine whether there is a difference in the mean price of homes among these three areas of the city at the significance level of 0.05.SourceMSP-valueBetween GroupsWithin GroupsTotaldfSS3 1.45304.936.38F-Stat0.049

The ANOVA output is given. Significance level is 0.05.The claim is that there is a difference in the…

Answered: The prices of a random sample of homes…

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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Please determine whether there is difference in mean price of homes with proper steps starting from the hypothesis i will definitely like pls explain concept.

The prices of a random sample of homes in three areas of a certain city (Areas A, B, and C) were recorded and the following ANOVA table was obtained, and we would like to
determine whether there is a difference in the mean price of homes among these three areas of the city at the significance level of 0.05.
Source
MS
P-value
Between Groups
Within Groups
Total
df
SS
3 1.45
30
4.93
6.38
F-Stat
0.049

Definition Definition Measure of central tendency that is the average of a given data set. The mean value is evaluated as the quotient of the sum of all observations by the sample size. The mean, in contrast to a median, is affected by extreme values. Very large or very small values can distract the mean from the center of the data. Arithmetic mean: The most common type of mean is the arithmetic mean. It is evaluated using the formula: μ = 1 N ∑ i = 1 N x i Other types of means are the geometric mean, logarithmic mean, and harmonic mean. Geometric mean: The nth root of the product of n observations from a data set is defined as the geometric mean of the set: G = x 1 x 2 ... x n n Logarithmic mean: The difference of the natural logarithms of the two numbers, divided by the difference between the numbers is the logarithmic mean of the two numbers. The logarithmic mean is used particularly in heat transfer and mass transfer. ln x 2 − ln x 1 x 2 − x 1 Harmonic mean: The inverse of the arithmetic mean of the inverses of all the numbers in a data set is the harmonic mean of the data. 1 1 x 1 + 1 x 2 + ...

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