Asked by Tempyst Douglas on Jun 09, 2024
Verified
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
F Test
A statistical test used to compare the variances between two populations, often as part of the analysis of variance (ANOVA) for comparing means among multiple groups.
Null Hypothesis
A default hypothesis that there is no significant difference or relationship between specified populations, any observed difference being due to sampling or experimental error.
- Discern the value of the p-value in context to judge its statistical significance.
Verified Answer
TT
Triyenni TariganJun 09, 2024
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).
Learning Objectives
- Discern the value of the p-value in context to judge its statistical significance.
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