Average incomes differ depending on the recreational sport

Assignment Help Basic Statistics

Reference no: EM131807840

Question: An online survey by the Sporting Goods Manufacturers Association, a trade group of sports retailers and marketers, claimed that household income of recreational athletes varies by sport (The Wall Street Journal, August 10, 2009). In order to verify this claim, an economist samples five sports enthusiasts participating in each of six different recreational sports and obtains each enthusiast's income (in $1,000s), as shown in the table below:

a. Specify the competing hypotheses in order to test the association's claim.

b. Create an ANOVA table.

c. At the 5% significance level, what is the critical value?

d. Do some average incomes differ depending on the recreational sport? Explain.

Reference no: EM131807840

Questions Cloud

Discuss reduction in interest offset the cost of refinancing : In what year will the reduction in interest offset the cost of refinancing the bond issue

Develop a cost estimate of the project : (a) Develop a cost estimate of the project from NTT's perspective. (b) If NTT adds a profit margin of 35% to its costs, how much will it cost the state to fund

The total cost of the units completed and transferred out : In the department's cost reconciliation report for May, the total cost to be accounted for under the weighted-average method would be ?

Estimate the cost of expanding a planned new : Estimate the cost of expanding a planned new clinic by 20,000 ft2. The appropriate capacity exponent is 0.66, and the budget estimate for 200,000 ft2 was $15 mi

Average incomes differ depending on the recreational sport : An online survey by the Sporting Goods Manufacturers Association, a trade group of sports retailers and marketers, claimed that household income.

Cost to show to the insurance company : Use the AFCI to update the cost of Bell's set to today's cost to show to the insurance company.

Director of reporting for the athens county : Your boss is the director of reporting for the Athens County Construction Agency (ACCA).

Five years ago-when the relevant cost index : Five years ago, when the relevant cost index was 120, a nuclear centrifuge cost $40,000. The centrifuge had a capacity of separating 1500 gallons of ionized sol

Produce and the learning-curve percentage : Determine the time required to produce the 2000th item if the first item requires 180 minutes to produce and the learning-curve percentage is 92%.

User Account

All Pages