A market researcher is studying the spending habits of people across age groups. The amount of money spent by each individual is classified by spending category (Dining out, Shopping, or Electronics) and generation (Gen-X, Gen-Y, Gen-Z, or Baby Boomers). The data and an incomplete ANOVA table are shown below. The p-value for the test about the interaction term is ________.
A) less than 0.01
B) between 0.01 and 0.025
C) between 0.025 and 0.05
D) greater than 0.05

Question

A market researcher is studying the spending habits of people across age groups. The amount of money spent by each individual is classified by spending category (Dining out, Shopping, or Electronics) and generation (Gen-X, Gen-Y, Gen-Z, or Baby Boomers). The data and an incomplete ANOVA table are shown below.   The p-value for the test about the interaction term is ________.
A) less than 0.01 
B) between 0.01 and 0.025 
C) between 0.025 and 0.05 
D) greater than 0.05

Quizplus · Accepted Answer

The Answer of A market researcher is studying the spending habits of people across age groups. The amount of money spent by each individual is classified by spending category (Dining out, Shopping, or Electronics) and generation (Gen-X, Gen-Y, Gen-Z, or Baby Boomers). The data and an incomplete ANOVA table are shown below.   The p-value for the test about the interaction term is ________.
A) less than 0.01 
B) between 0.01 and 0.025 
C) between 0.025 and 0.05 
D) greater than 0.05

A Market Researcher Is Studying the Spending Habits of People