Given Below Are the Analysis of Variance Results from a Minitab

question 11

Multiple Choice

Given below are the analysis of variance results from a Minitab display. Assume that you want to use a 0.05 significance level in testing the null hypothesis that the different samples come from populations with the same
Mean. Find the critical value. $$\begin{array} { l | r | r | r | c | c } \text { Source } & \boldsymbol { D F } & \boldsymbol { S S } & \boldsymbol { M S } & \boldsymbol { F } & \boldsymbol { p } \\\hline \text { Factor } & 3 & 30 & 10.00 & 1.6 & 0.264 \\\hline \text { Error } & 8 & 50 & 6.25 & & \\\hline \text { Total } & 11 & 80 & & &\end{array}$$

• A) 1.6
• B) 4.07
• C) 8.85
• D) 7.59

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Definitions:

Family Income

The total amount of money earned by every member of a single household.

Level of Significance

A threshold chosen by the researcher that defines the probability below which a statistically significant result may be declared.

Life Insurance Preference

Preferences or choices individuals make regarding life insurance policies, influenced by factors like premium amounts, coverage, and personal circumstances.

Significance

The measure of the strength and certainty of the results obtained from statistical testing.