Three Universities in Your State Have Decided to Administer the Same

question 32

Short Answer

Three universities in your state have decided to administer the same comprehensive examination to the recipients of MBA degrees. From each institution, a random sample of MBA recipients has been selected and given the test. The following table shows the scores of the students from each university. ​
Use the Kruskal-Wallis test to determine if there is a significant difference in the performance of the students from the three universities. Let α = .05.

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Definitions:

Reservation Price

The maximum price a consumer is willing to pay for a good or service or the minimum price a seller is willing to accept.

Additional Profit

The increase in profit that results from an additional unit of sale or from adopting a new strategy beyond the normal operations.

Price Discrimination

A pricing strategy where identical or substantially similar goods or services are sold at different prices by the same provider in different markets.

Third-degree Price Discrimination

A pricing strategy where a firm charges different prices to different groups of consumers for the same product, based on their willingness to pay.