+1-415-315-9853

info@mywordsolution.com

## Statistics

Define if there is a difference among the income of the adults using One-way ANOVA.

The subsequent study was developed by Economist Simon Fass. Fass plotted a sample population of low-income households in St. Martin. The variables analysed were monthly income per adult as well as choice of rental contract for housing.

All families in St. Martin had to opt for one of 3 available time packages. They could pay in advance for a week a month or six months and the shorter the time package the higher the unit price. Payment by the week cost 10 to 20 percent additional in monthly rent per square meter than payment by the month as well as payment by the month cost twice as much as for 6 months. However offsetting the higher unit cost was the advantage of lower cash outlays. To attain a week of housing required an average prepayment of \$1.55. A month cost \$5.30 and 6 months \$18.90 (Fass 1987)

You necessity determine if there is a difference among the income of the adults in respect to the housing contract they choose. Might the data of income be drawn from the same population or are we possibly looking at two or maybe three different sample population.

 Observation Term of Rental contract (weeks) Monthly Income 1 1 6.5 2 1 7.5 3 1 9.8 4 1 6.5 5 1 10.4 6 1 5.7 7 1 8.9 8 4 8.8 9 4 6 10 4 8 11 4 10.4 12 4 7 13 4 8.4 14 4 9 15 4 7 16 4 4 17 4 7 18 4 6.5 19 4 6 20 4 9 21 4 4.9 22 4 6.8 23 4 4 24 4 5.5 25 4 5.9 26 24 6.4 27 24 7.2 28 24 6.6 29 24 4 30 24 3 31 24 7.8 32 24 7.1 33 24 4.9 34 24 4.2 35 24 5.8 36 24 4.6 37 24 8.2 38 24 7 39 24 4.4

Statistics and Probability, Statistics

• Category:- Statistics and Probability
• Reference No.:- M920331

Have any Question?

## Related Questions in Statistics and Probability

### To test the model you will make 5 trades using 5 different

To test the model, you will make 5 trades using 5 different sets of data. You may define the parameters of the put call parity or use the following assumption for the parameters: Interest rate is 5%Transaction costs for ...

### 1 if the independent variable has absolutely no effect on

1. If the independent variable has absolutely no effect on the dependent variable, will the means of the experimental conditions be the same? Why or why not? 2. An ANOVA for a one-way design partitions the total variance ...

### A professor of management has heard that twelve students in

A professor of management has heard that twelve students in his class of 46 have landed an internship for the summer. Suppose he runs into two of his students in the corridor. a. Find the probability that neither of thes ...

### Two population meansa tomato farmer with a very large farm

Two Population Means A tomato farmer with a very large farm of approximately 2200 acres had heard about a new type of rather expensive fertilizer which would supposedly significantly increase his production. The frugal f ...

### Consider a repeated game with standard information where

Consider a repeated game with standard information, where each player maximizes his expected 8-discounted average payoff, for some 8 that is close to but less than 1. Payoffs at each round depend on the players' moves as ...

### 1 what is the difference between simple also known as

1. What is the difference between simple (also known as univariate and bivariate) regression and multivariate regression? A) Simple regression includes one independent variable, and multivariate regression includes more ...

### What would the null and alternate hypothesis be for the

What would the null and alternate hypothesis be for, " The airlines claim that complaints average less than 15 per month per airport. To investigate the problem an independent watchdog agency contacted a random sample of ...

### The population of lengths of aluminum-coated steel sheets

The population of lengths of aluminum-coated steel sheets is normally distributed with a mean of 30.05 inches and a standard deviation of 0.3 inches. What is the probability that average length of a steel sheet from a sa ...

### When conducting a hypothesis test if z calculated is less

When conducting a hypothesis test, if z calculated is less than z critical, you should accept the null hypothesis?

### A scarf company built a new parking garage in a business

A Scarf Company built a new parking garage in a business district. For a random sample of 100 days, daily fees collected averaged \$1,800, with a standard deviation of \$500. Construct a 90% confidence interval estimate of ...

• 13,132 Experts

## Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

### Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

### Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

### Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

### Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

### Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen