Find out if there is a difference among the income of adults

Assignment Help Basic Statistics

Reference no: EM1318522

Find out if there is a difference among the income of the adults using One-way ANOVA.

The following study was developed by Economist Simon Fass. Fass surveyed a sample population of low-income households in St. Martin. The variables analyzed were monthly income per adult and choice of rental contract for housing.

All families in St. Martin had to opt for one of 3 available time packages. They could pay in advance for a week, a month, or six months; and the shorter the time package, the higher the unit price. Payment by the week cost 10 to 20 percent more in monthly rent per square meter than payment by the month, and payment by the month cost twice as much as for 6 months. But offsetting the higher unit cost was the advantage of lower cash outlays. To obtain a week of housing required an average prepayment of $1.55. A month cost $5.30 and 6 months $18.90 (Fass, 1987)

You must determine if there is a difference among the income of the adults in respect to the housing contract they choose. Could the data of income be drawn from the same population or are we possibly looking at 2 or maybe 3 different sample population.

Observation	Term of Rental contract (weeks)	Monthly Income
1	1	6.5
2	1	7.5
3	1	9.8
4	1	6.5
5	1	10.4
6	1	5.7
7	1	8.9
8	4	8.8
9	4	6
10	4	8
11	4	10.4
12	4	7
13	4	8.4
14	4	9
15	4	7
16	4	4
17	4	7
18	4	6.5
19	4	6
20	4	9
21	4	4.9
22	4	6.8
23	4	4
24	4	5.5
25	4	5.9
26	24	6.4
27	24	7.2
28	24	6.6
29	24	4
30	24	3
31	24	7.8
32	24	7.1
33	24	4.9
34	24	4.2
35	24	5.8
36	24	4.6
37	24	8.2
38	24	7
39	24	4.4

Reference no: EM1318522

Questions Cloud

Creating program for furniture company : Write down a program for the furniture company. Direct the user in order to select O for oak, P for pine, or M for mahogany. Display the price of a table manufactured along with the chosen wood.

Esser crime of attempted arson : Jude necessarily also committed the lesser crime of attempted arson. In this circumstance attempted arson is what type of offense?

Carrying out the investigation : You work for the mid-size corporation that is known for its inventions that does the lot of work of copyright and patent. You are investigating an employee suspected of selling and distributing animations generated for your corporation.

Describing normality issue : Create a 95 % confidence interval for the true mean. Why might normality be the issue here?

Find out if there is a difference among the income of adults : The following study was developed by Economist Simon Fass. Fass surveyed a sample population of low-income households in St. Martin. The variables analyzed were monthly income per adult and choice of rental contract for housing.

Determine the x and y intercepts : Determine the x and y intercepts.

Value of the proportion of the population : Compute the value of the proportion of the population.

Determining more variation in first population : Standard deviation of 7. At 0.01 significance level, is there more variation in first population?

Estimate the slope of the equation : Estimate the slope of the equation.

User Account

All Pages