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Author Question: Do these results allow us, at the 5 significance level, to conclude that the model is useful in ... (Read 82 times)

Tazate

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on: Jun 24, 2018
Do these results allow us, at the 5 significance level, to conclude that the model is useful in predicting the price of gold?
 
  What will be an ideal response?

Question 2

The Kruskal-Wallis test for the difference in population means is based on the ranks of the sample observations.
 
  Indicate whether the statement is true or false


bpool94

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Reply #1 on: Jun 24, 2018
Answer to Question 1

H0 : 1 = 2 = 3 = 0 vs. H1 : At least one 1 is not equal to zero
Test statistics: F = 6.626. Reject H0 if F > F0.05,3,16 = 3.24, therefore, reject H0 at the 5 significance level, and conclude that the model is useful in predicting the price of gold.

Answer to Question 2

TRUE


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