Analysis of Variance (ANOVA) and Tukey-Kramer Procedure for Comparing Means

A statistical analysis using ANOVA and Tukey-Kramer methods.

Andrew Taylor

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Analysis of Variance (ANOVA) and Tukey-Kramer Procedure for ComparingMeansHomework Assignment #6Name: __________________________The next 6questions refer to the following scenario.A property manager is interested inexploring the relationship between the price of a residential property and theland value, homevalue andsizevalue.The appraiser selects a random sample of 30properties sold in a particularyear.What can be said about the relationship between the price and the value predictorsat a 5% levelof significance?ANOVAdfSSMSFSTATAmong Values?74569.12????With Values???4367.79Total????dfSSMSFSTATF criticalDecisionAmong Values374569.1224856.37335.690835262.975154Reject HoWith Values26113562.54367.79Total29188131.71)What is the hypothesis scenario?The hypothesis scenario is to test therelationship between the price of a residential property andtheland value, home value and size value.Ho: there is no significant mean difference in values of appraisal predicators.H1:there is significant mean difference in values of appraisal predicators.2)What are the degrees of freedom for AmongValues?Among Values(Degree of Freedom)Df(A)= k–1

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