Anova Hypothesis Test

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Issue:

Miscellaneous

 

Written by:

Brian B

 

Date added:

August 6, 2012

 

Level:

University

 

Grade:

A

 

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5 / 1258

 

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8055 times

 

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The difference in the pay scale between jobs in the city and jobs in the suburbs could contribute to the home prices being less expensive in the suburbs. Many people do not want to live in the middle of the hustle and bustle of the city, causing an increasing number of communities to be built further away from the city...
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Is the price discrepancy of a home reflected solely on the distance from the city or do other factors (such as buyers, the economy, amenities) contribute to the price of a home? An ANOVA test allows researchers to compare more than two means simultaneously, and trace sources of variation to potential explanatory factors (Doane & Seward, ch...
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