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Two factor anova as far as application and variance

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Reference no: EM132071278

Given the following data related the premium charged for a life insurance of 2 million-dollars. Age group Male Non Smoker Male Smoker Female Non Smoker Female Smoker 18 to 35 $12 $16 $11 $14 35 to 40 $24 $30 $20 $26 40 to45 $48 $60 $40 $54 45 to 50 $90 $100 $80 $95 50 to 55 $180 $200 $160 $190 55 to 60 $360 $400 $320 $380 60 to 65 $720 $750 $700 $740 65 to 70 $1,400 $1,500 $1,200 $1,450 70 to 75 $3,000 $3,500 $2,800 $3,200 75 to 80 $8,000 $9,000 $7,500 $8,500 Based on the above data, set a number of hypothesis that you may be able to test. Specify clearly the analysis technique you use to answer the hypothesis. Conduct the test for each of your hypothesis. How is One way Anova different form block Anova and Two Factor Anova as far as application and variance partition.

Reference no: EM132071278

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