Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Statistics and Probability Expert

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

1 what are the advantages and disadvantages of using a

1. What are the advantages and disadvantages of using (a) figures, (b) tables, and (c) text to report the results of experiments in the research report? 2. Differentiate between random sampling and random assignment. Whi ...

Paper should be between 800 and 1000 words in length it is

Paper should be between 800 and 1,000 words in length. It is due according to the due date on the course calendar. 1. Drawing on the readings and lectures, name at least three developments or factors that encouraged the ...

Consider rolling a fair 6-faced die twice let a be the

Consider rolling a fair 6-faced die twice. Let A be the event that the sum of the two rolls is at most 6, and B be the event that the first one is an even number. (a) What is the probability that the sum of the two rolls ...

The percentage of people who recycle their old phone books

The percentage of people who recycle their old phone books is 15.8% on average. If 240 people are randomly selected, what is the probability that more than 20% of them recycle their phone books?

Suppose that utility payoffs depend on decisions and states

Suppose that utility payoffs depend on decisions and states as shown in Table 1.3. Letp(θ1,),p(θ2)) denote the decision-makers subjective probability distribution over Ω = {θ1 ,θ2}. a. Suppose first that B = 35. For what ...

Statistics assignmentquestions address all of the following

Statistics Assignment Questions: Address all of the following questions in a brief but thorough manner. • What are the most common measures of central tendency? Include brief definitions for the common measures of centra ...

1 why do researchers calculate the coefficient of

1. Why do researchers calculate the coefficient of determination? 2. What does a coefficient of determination of .40 indicate?

Suppose that the matching problem is to match nm men to nw

Suppose that the matching problem is to match nm men to nw women, where nw (a) Describe in detail the generalization of the Gale-Shapley algorithm for this case. Prove that the algorithm terminates with a stable matching ...

Hypothesesh0 there is no correlation between hours walking

Hypotheses H0 There is no correlation between hours walking and weight loss. H1 There is a positive correlation between hours walking and weight. H2 There is a negative correlation between hours walking and weight loss. ...

Assignmentthe production department of the newspaper wants

Assignment The production department of the newspaper wants to ensure that the mean blackness of the print for all newspapers is at least 0.97 on a standard scale in which the target value is 1.0. A random sample of 50 n ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

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.

Ask Now Help with Problems, Get a Best Answer

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

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