A realtor wishes to assess whether a difference exists between home prices in three subdivisions.Independent samples of homes from each of the three subdivisions are obtained and their prices are recorded.The analysis of variance results for comparing these prices are provided below. What can we say about the P-value for this F test?

A) P-value < 0.01
B) 0.01 < P-value < 0.025
C) 0.025 < P-value < 0.05
D) 0.05 < P-value < 0.10

Question

A realtor wishes to assess whether a difference exists between home prices in three subdivisions.Independent samples of homes from each of the three subdivisions are obtained and their prices are recorded.The analysis of variance results for comparing these prices are provided below.

What can we say about the P-value for this F test?

A) P-value < 0.01
B) 0.01 < P-value < 0.025
C) 0.025 < P-value < 0.05
D) 0.05 < P-value < 0.10

Triyenni Tarigan · Accepted Answer

Final Answer : C, Explanation :  The P-value for the F test is 0.044, which falls between 0.025 and 0.05. Therefore, we can reject the null hypothesis at the 0.05 significance level but not at a more stringent level (such as 0.01 or 0.025).

Definitions

Learning Objectives

Learning Objectives

Related questions