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Two way ANOVA

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Using numerical data from the data set (attached) develop one business research question from which you will formulate a research hypothesis that will test two or more populations (ANOVA).

Formulate both a numerical and verbal hypothesis statement regarding the attached data set.

Perform the five-step hypothesis test on data.

Data Set Legend:

X1: Selling price in dollars
X2: Selling price in thousands of dollars
X3: Age of buyer
X4: 0=Domestic, 1=Imported
80 Autos Sold

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Solution Summary

Step by step method for testing the hypothesis under 5 step approach is discussed here. Excel template for each problem is also included. This template can be used to obtain the answers of similar problems.