Before releasing a new product, a small company wants to compare the prices in the market for similar products from other brands presented in the same field. To do this, research has been conducted, and information has been collected for three similar brands. The information is presented in the table below. Carry out an ANOVA test and find the F and P values.
A) , , , and P-value is less than 0.01.
B) , , , and P-value is greater than 0.10.
C) , , , and P-value is slightly greater than 0.01.
D) , , , and P-value is greater than 0.10.

Question

Before releasing a new product, a small company wants to compare the prices in the market for similar products from other brands presented in the same field. To do this, research has been conducted, and information has been collected for three similar brands. The information is presented in the table below.  ​ Carry out an ANOVA test and find the F and P values.
A) , , , and P-value is less than 0.01. 
B) , , , and P-value is greater than 0.10. 
C) , , , and P-value is slightly greater than 0.01. 
D) , , , and P-value is greater than 0.10.

Quizplus · Accepted Answer

The Answer of Before releasing a new product, a small company wants to compare the prices in the market for similar products from other brands presented in the same field. To do this, research has been conducted, and information has been collected for three similar brands. The information is presented in the table below.  ​ Carry out an ANOVA test and find the F and P values.
A) , , , and P-value is less than 0.01. 
B) , , , and P-value is greater than 0.10. 
C) , , , and P-value is slightly greater than 0.01. 
D) , , , and P-value is greater than 0.10.

Before Releasing a New Product, a Small Company Wants to Compare