Question
A study involves analysing variation in the retail prices of a commodity in three principal cities-Mumbai, Kolkata and Delhi. Three shops were chosen at random in each city and retail prices (in rupees) of the commodity were noted as given in the following table:
| Mumbai | Kolkata | Delhi |
| 643 | 469 | 484 |
| 655 | 427 | 456 |
| 702 | 525 | 456 |
At significance level of 5%, check whether mean price of the commodity in the three cities are significantly different. (Given F (critical) with 2 and 6 as numerator and denominator degrees of freedom, respectively at 5% level of significance to be 5.14)
Answer :
Word Count : 204
We will use one-way ANOVA (Analysis of Variance) to test whether there is a significant difference in the mean prices of the commodity in Mumbai, Kolkata, and Delhi. The steps are as follows: ### Step 1: Define Hypotheses - Null __________ ______ _________ _________ _____ _______ ______ _________ ________ ____.
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We will use one-way ANOVA (Analysis of Variance) to test whether there is a significant difference in the mean prices of the commodity in Mumbai, Kolkata, and Delhi. The steps are as follows: ### Step 1: Define Hypotheses - Null __________ ______ _________ _________ _____ _______ ______ _________ ________ ____.
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