Suppose You Have Observations from Six Different Regions Within Your

question 16

Multiple Choice

Suppose you have observations from six different regions within your state and you wish to perform hypothesis tests to compare the mean home value across groups. There will be a total of 15 pairwise comparisons. Using the Bonferroni Correction, what significance level should you use for each hypothesis test if you want an overall significance of 0.05? Round to the nearest thousandth.

• A)0.050
• B)0.008
• C)0.003
• D)None of the above

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