SCENARIO 18-12 The Marketing Manager for a Nationally Franchised Lawn Service Company

question 152

Short Answer

SCENARIO 18-12
The marketing manager for a nationally franchised lawn service company would like to study the characteristics that differentiate home owners who do and do not have a lawn service. A random sample of 30 home owners located in a suburban area near a large city was selected; 15 did not have a lawn service (code 0) and 15 had a lawn service (code 1). Additional information available concerning these 30 home owners includes family income (Income, in thousands of dollars), lawn size (Lawn Size, in thousands of square feet), attitude toward outdoor recreational activities (Attitude 0 = unfavorable, 1 = favorable), number of teenagers in the household (Teenager), and age of the head of the household (Age). The Minitab output is given below:

-Referring to Scenario 18-10 and using both Model 1 and Model 2,what is the value of the test statistic for testing whether the independent variables that are not significant individually are also not significant as a group in explaining the variation in the dependent variable at a 5% level of significance?

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Definitions:

Cancer Drug

Medications specifically designed to treat cancer by inhibiting the growth of cancerous cells, often targeted to specific types of cancer.

Excise Tax

A duty imposed on specific products or activities by the government, typically with the aim of discouraging their use or raising revenue.

Shrimp Market

A sector of the economy related to the buying, selling, and distribution of shrimp, both wild-caught and farmed.

Total Tax Revenue

The total amount of money collected by a government from taxes.