Book Prices. The R. R. Bowker Company collects data on book prices and publishes its findings in The Bowker Annual Library and Book Trade Almanac. Independent simple random samples of hardcover books in law, science, medicine, and technology gave the data, in dollars, on the WeissStats site.

a. Obtain individual normal probability plots and the standard deviation of the samples.

b. Perform a residual analysis.

c. Use your results from parts (a) and (b) to decide whether conducting a one-way ANOVA test on the data is reasonable. If so. also do parts (d) and (e).

d. Use a one-way ANOVA test to decide, at the 5%significance level, Whether the data provide sufficient evidence to conclude that a difference exists among the means of the populations fewer than the samples were taken.

e. Interpret your results from part (d).

Short Answer

Expert verified

(a)

(b)

(c) It appears acceptable to assume that the assumption of normal populations is met based on the normal probability plot of residuals.

(d)

(e) The data give adequate evidence to infer that there is a difference in the mean prices of the topic books at the 5%significance level.

Step by step solution

01

Part (a) Step 1: Concept introduction

ANOVA, or non - parametric tests, is a potent quantitative approach for revealing the disparity amongst two or more phenomena or aspects using variable importance. It also illustrates how to determine statistical significance among several demographics.

02

Part (a) Step 2: Explanation

The individual normal probability plots of the samples are given in the following MINITAB output:

The mean and standard deviation of the samples are given in the following MINITAB output:

03

Part (B) Step 1: Concept introduction

ANOVA, or non - parametric tests, is a potent quantitative approach for revealing the disparity amongst two or more phenomena or aspects using variable importance. It also illustrates how to determine statistical significance among several demographics.

04

Part (b) Step 2: Explanation

The residual analysis' normal probability is plotted, and the residual value increases as the percentage increases.

05

Part (c) Step 1: Concept introduction

ANOVA, or non - parametric tests, is a potent quantitative approach for revealing the disparity amongst two or more phenomena or aspects using variable importance. It also illustrates how to determine statistical significance among several demographics.

06

Part (c) Step 2: Explanation

It appears plausible to assume that the assumption of normal populations is met based on the normal probability plots.

We can see that the highest sample standard deviation (15.26)is less than twice the lowest sample standard deviation from the standard deviations of the four samples (10.43). As a result, the criteria of equal standard deviations in the population is met.

It appears acceptable to assume that the assumption of normal populations is met based on the normal probability plot of residuals.

07

Part (d) Step 1: Concept introduction

ANOVA, or non - parametric tests, is a potent quantitative approach for revealing the disparity amongst two or more phenomena or aspects using variable importance. It also illustrates how to determine statistical significance among several demographics.

08

Part (d) Step 2: Explanation

The null and alternative hypotheses are

H0:μ1=μ2=μ3=μ4(Mean prices are equal)

Ha:Not all the means are equal

We are to perform the test at the 5%significance level;

so α=0.05The MINITAB output is as follows:

09

Part (e) Step 1: Concept introduction

ANOVA, or non - parametric tests, is a potent quantitative approach for revealing the disparity amongst two or more phenomena or aspects using variable importance. It also illustrates how to determine statistical significance among several demographics.

10

Part (e) Step 2: Explanation

We reject H0since the P-value is less than the significance criterion (0.014).

As a result, the data give adequate evidence to infer that there is a difference in the mean prices of the topic books at the significance level.

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Most popular questions from this chapter

Consider the following hypothetical samples:

a. Obtain individual normal probability plots and the standard deviations of the samples.

b. Perform a residual analysis.

c. Use your results from parts (a) and (b) to decide whether conducting a one-way ANOVA test and the data is reasonable. If so, also do parts d-f.

d. Use a one-way ANOVA test to decide, at the 5%significance level, whether the data provide sufficient evidence to conclude that a difference exists among the means of the populations from which the samples were taken.

e. Interpret your results from part (d).

Weight Loss and BMI. In the paper "Voluntary Weight Reduction in Older Men Increases Hip Bone Loss: The Osteoporotic Fractures in Men Study" (Journal of Clinical Endocrinology & Metabolism, Vol. 90, Issue 4. Pp. 1998-2004), K. Ensrud et al. reported on the effect of voluntary weight reduction on hip bone loss in older men. In the study, 1342 older men participated in two physical examinations an average of 1.8years apart. After the second exam, they were categorized into three groups according to their change in weight between exams: weight loss of more than 5%, weight gain of more than , and stable weight (between 5%loss and5% gain). For purposes of the hip bone density study, other characteristics were compared, one such being body mass index (BMI). On the Weissstats site, we provide the BMI data for the three groups, based on the results obtained by the researchers.

Losses to Robbery. The Federal Bureau of investigation conducts surveys to obtain information on the value of losses from various types of robberies. Results of the surveys are published in Population-at-Risk Rates and Selected Crime indicators, Independent simple random samples of reports for three types of robberies-highway, gas station, and convenience store gave the following data, in dollars, on the value of losses.

a. What does MSTR measure?

b. What does MSE measure?

c. Suppose that you want to perform a one-way ANOVA to compare the mean losses among the three types of robberies. What conditions are necessary? How crucial are those conditions?

Magazine Ads. Advertising researchers F. Shuptrine and D. McVicker wanted to determine whether there were significant differences in the readability of magazine advertisements. Thirty magazines were classified based on their educational level-high, mid, or low - and then three magazines were randomly selected from each level. From each magazine, six advertisements were randomly chosen and examined for readability. In this particular case, readability was characterized by the numbers of words, sentences, and words of three syllables or more in each ad. The researchers published their findings in the paper "Readability Levels of Magazine Ads" (Journal of Advertising Research, Vol. 21. No. 5, pp. 45-51). The number of words of three syllables or more in each ad are provided on the WeissStats site.

Refer to Exercise 13.74. Suppose that you have obtained a 95%confidence interval for each of the two differences, μ1-μ2and μ1-μ3. Can you be95% confident of both results simultaneously, that is, that both differences are contained in their corresponding confidence intervals? Explain your answer.

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