A consumer organization wants to know if there is a difference in the price of a particular toy at three different types of stores. The price of the toy was checked in a sample of five discount toy stores, five variety stores, and five department stores. The results are shown below. Conduct the test by using the five-step procedure and completing ANOVA table. If you reject Ho, span confidence intervals to show which means are different. Use 0.05 level of significance.© BrainMass Inc. brainmass.com June 3, 2020, 9:44 pm ad1c9bdddf
The solution includes analysis of means and variances (ANOVA) using Excel to determine if the price of the toy is significantly different in the three stores. Neat and Step-wise solution.