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# ANOVA problem for difference in the price

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A consumer organization wants to know whether 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 stores, five variety stores, and five department stores. The results are shown below. Use the .05 significance level.

Discount Variety Department
\$12 \$15 \$19

13 17 17

14 14 16

12 18 20

15 17 19

https://brainmass.com/statistics/analysis-of-variance/anova-problem-difference-price-251459

#### Solution Preview

Analysis of Variance
A consumer organization wants to know whether 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 stores, five variety stores, and five department stores. The results are shown below. Use the .05 significance level. ...

#### Solution Summary

The solution provides step by step method for the calculation of ANOVA for difference in the price . Formula for the calculation and Interpretations of the results are also included. .

\$2.49