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Econ Last Finals
Econ Last Finals
123.26 70.58
0.03
0.0000000289
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2.89023120106237
rt.
Answer.
A. Symmetric Yes
Normal Yes
B. Symmetric Yes
Normal Yes
E. Men
IQR = 15.32
F. Men
Average = 101.27
Women
Average = 83.34
s to have larger variance because both range (Range = Max - Min) and IQR is
e and IQR for women's group. The chart also supports this fact.
variance_women
variance_women or Ha: variance_men is different from variance_women
eturns the p-value for two-tailed test, the value of one-tailed test needs to be divided by 2.
e p-value < alpha = 5%, hence H0 is rejected.
ean_women
ean_women or Ha: mean_men is different from mean_women
eturns the p-value for one-tailed test, the value of two-tailed test needs to be multiplied by 2.
e p-value < alpha = 5%, hence H0 is rejected.
Central East West South
17.5 18.3 18.5 18.0
16.3 17.7 17.7 18.2
16.5 17.3 17.9 17.2
17.0 18.2 17.1 16.8
17.2 17.0 18.4 17.8
17.6 18.1 18.3 17.6
B. (1). The obseravation (dependent variable) taken from each group has
D. Alpha = 5%
ANOVA
Source of Variation SS df
Between Groups 3.649 4
Within Groups 6.965 25
Total 10.614 29
E. For alpha = 1%, then p-value > alpha. Hence, H0 is not rejected.
Alpha = 5%
Q-stat formula
North
17.1
17.3
18.0
16.6
16.8
17.7
Average Variance
17.017 0.278
17.767 0.279
17.983 0.282
17.600 0.272
17.250 0.283
MS F P-value F crit
0.912 3.274 0.027 2.759
0.279
t rejected.
Groups Count
Central 6
East 6
4.153 West 6
South 6
North 6
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Sum Average Variance
102.1 17.017 0.278
106.6 17.767 0.279
107.9 17.983 0.282
105.6 17.600 0.272
103.5 17.250 0.283
Data for Problem 3 (PLEASE COPY)
Expected priTotal
10 20
42.25 342.25
4.225 17.1125
0.148694444 174.8995461
10 20
49.2 149.2
4.92 7.46
0.023111111 6.802105263
20
91.45
4.5725
0.208493421
df MS F P-value F crit
1 931.7075625 21692.1405 1.16991E-51 4.11316527681289
1 2380.077562 55413.28521 5.54913E-59 4.11316527681289
1 1070.707562 24928.35715 9.61055E-53 4.11316527681289
36 0.042951389
39
Expected
X D
price ($)
3.57 1 1
3.77 1 1
3.90 1 1
4.49 1 1
4.00 1 1
4.66 1 1
4.48 1 1
4.64 1 1
4.31 1 1
4.43 1 1
5.19 1 0
4.88 1 0
4.78 1 0
4.89 1 0
4.69 1 0
4.96 1 0
5.00 1 0
4.93 1 0
5.10 1 0
4.78 1 0
3.90 0 1
3.77 0 1
3.86 0 1
4.10 0 1
4.10 0 1
3.81 0 1
3.97 0 1
3.67 0 1
4.05 0 1
3.67 0 1
4.31 0 0
4.36 0 0
4.75 0 0
4.62 0 0
3.74 0 0
4.34 0 0
4.52 0 0
4.37 0 0
4.40 0 0
4.52 0 0
Rearrange the data
Expected Price (a) At level of significance 5%, test the effects of promotion fre
Number of PD 30 PD 10
Promotions
3.57 5.19 Step 1 and Step 2:
3.77 4.88
3.90 4.78
4.49 4.89
4.00 4.69
Prom. 1
4.66 4.96
4.48 5.00
4.64 4.93
4.31 5.10
4.43 4.78 Step 3:
3.90 4.31
3.77 4.36 Step 4:
3.86 4.75
4.10 4.62
4.10 3.74
Prom. 5
3.81 4.34
3.97 4.52
3.67 4.37
4.05 4.40
3.67 4.52
Step 5:
(b).
Prom. 1
Prom. 5
No interaction is suspected.
X*D
(c).
1
1
1
1
1
1
1
1
1
1
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
nificance 5%, test the effects of promotion frequency, discount and their interaction on the expected price using Two-factor ANOVA
H_0AB: There is no effect of interaction between promotion frequency and discount on the expected price.
H_aAB: There is effect of interaction between promotion frequency and discount on the expected price.
SUMMARY PD 30 PD 10 Total
Prom. 1
Count 10 10 20
Sum 42.250 49.200 91.450
Average 4.225 4.920 4.573
Variance 0.149 0.023 0.208
Prom. 5
Count 10 10 20
Sum 38.900 43.930 82.830
Average 3.890 4.393 4.142
Variance 0.027 0.072 0.113
Total
Count 20 20
Sum 81.150 93.130
Average 4.058 4.657
Variance 0.113 0.118
ANOVA
Source of Variation SS df MS F
Sample 1.858 1 1.858 27.474
Columns 3.588 1 3.588 53.067
Interaction 0.092 1 0.092 1.363
Within 2.434 36 0.068
Total 7.972 39
Conclusion:
There is effect of promotion frequency on the expected price.
There is effect of discount on the expected price.
There is no effect of interaction between promotion frequency and discount on the expected
4.00
3.50
3.00
Prom. 1
PD 30 PD 10
interation
PD30
prom1 Prom1*PD30
Number of PD 30 PD 10
Promotions rating
3.57 5.19 3.57
3.77 4.88 3.77
3.90 4.78 3.90
4.49 4.89 4.49
4.00 4.69 4.00
Prom. 1
4.66 4.96 4.66
4.48 5.00 4.48
4.64 4.93 4.64
4.31 5.10 4.31
4.43 4.78 4.43
3.90 4.31 5.19
3.77 4.36 4.88
3.86 4.75 4.78
4.10 4.62 4.89
4.10 3.74 4.69
Prom. 5
3.81 4.34 4.96
3.97 4.52 5.00
3.67 4.37 4.93
4.05 4.40 5.10
3.67 4.52 4.78
3.90
3.77
3.86
4.10
4.10
3.81
3.97
3.67
4.05
3.67
4.31
4.36
4.75
4.62
3.74
4.34
4.52
4.37
4.40
4.52
Conclusion. Factor Promotion Frequency and Factor Percent Discount are significant, but not their interaction, on th
ice using Two-factor ANOVA
Prom. 5
PD 30 PD 10
N1 Y20 N1*y20
1.00 1.00 1.00
1.00 1.00 1.00
1.00 1.00 1.00
1.00 1.00 1.00
1.00 1.00 1.00
1.00 1.00 1.00
1.00 1.00 1.00
1.00 1.00 1.00
1.00 1.00 1.00
1.00 1.00 1.00
1.00 0.00 0.00 SUMMARY OUTPUT
1.00 0.00 0.00
1.00 0.00 0.00 Regression Statistics
1.00 0.00 0.00 Multiple R 0.83346729
1.00 0.00 0.00 R Square 0.69466773
1.00 0.00 0.00 Adjusted R 0.66922337
1.00 0.00 0.00 Standard Err0.26002457
1.00 0.00 0.00 Observations 40
1.00 0.00 0.00
1.00 0.00 0.00 ANOVA
0.00 1.00 0.00 df SS
0.00 1.00 0.00 Regression 3 5.53778
0.00 1.00 0.00 Residual 36 2.43406
0.00 1.00 0.00 Total 39 7.97184
0.00 1.00 0.00
0.00 1.00 0.00 Coefficients Standard Error
0.00 1.00 0.00 Intercept 4.393 0.082
0.00 1.00 0.00 N1 0.527 0.116
0.00 1.00 0.00 Y20 -0.503 0.116
0.00 1.00 0.00 N1*y20 -0.192 0.164
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00