Test using the anova f-test at the 5 level of significance


Question: To investigate the real cost of owning different makes and models of new automobiles, a consumer protection agency followed 16 owners of new vehicles of four popular makes and models, call them TC, HA, NA , and FT, and kept a record of each of the owner's real cost in dollars for the first five years. The five-year costs of the 16 car owners are given below:

2227_TC.png

Test, using the ANOVA F-test at the 5% level of significance, whether the data provide sufficient evidence to conclude that there are differences among the mean real costs of ownership for these four models.

Request for Solution File

Ask an Expert for Answer!!
Basic Statistics: Test using the anova f-test at the 5 level of significance
Reference No:- TGS02609866

Expected delivery within 24 Hours