Chapter 11

11.17 l independent stock broker has created four sector portfolios for her
clients. Each portfolio
always has five stocks that may change from year to year. The volatility
(coefficient of variation)
of each stock is recorded for each year. Are the main effects significant? Is
there an interaction?

Volatility (Coefficient of Variation) for Four Stock

Portfolios

Health Energy Retail Leisure

2004 14.5 23.0 19.4 17.6
18.4 19.9 20.7 18.1
13.7 24.5 18.5 16.1
15.9 24.2 15.5 23.2
16.2 19.4 17.7 17.6
2005 21.6 22.1 21.4 25.5
25.6 31.6 26.5 24.1
21.4 22.4 21.5 25.9
26.6 31.3 22.8 25.5
19.0 32.5 27.4 26.3
2006 12.6 12.8 22.0 12.9
13.5 14.4 17.1 11.1
13.5 13.1 24.8 4.9
13.0 8.1 13.4 13.3
13.6 14.7 22.2 12.7

11.35
To assess the effects of instructor and student gender on student course
scores, an experiment was
conducted in 11 sections of managerial accounting classes ranging in size
from 25 to 66 students.
The factors were instructor gender (M, F) and student gender (M, F). There
were 11 instructors
(7 male, 4 female). Steps were taken to eliminate subjectivity in grading,
such as common exams
and sharing exam grading responsibility among all instructors so no one
instructor could influence
exam grades unduly. (a) What type of ANOVA is this? (b) What conclusions
can you draw?
(c) Discuss sample size and raise any questions you think may be important.
11.38
Several friends go bowling several times per month. They keep track of their
scores over several
months. An ANOVA was performed. (a) What kind of ANOVA is this (one-
factor, two-factor,
etc.)? (b) How many friends were there? How many months were observed?
How many observations
per bowler per month? Explain how you know. (c) What are your conclusions
about bowling
scores? Explain, referring either to the F tests or p-values.