A researcher wants to understand how an annual mortgage payment (in dollars) depends on income level and zonal location allowing for an interaction. The data are shown below. a. Construct a two-way (with interaction) ANOVA table for these data.
B) At the 5% significance level, can you conclude there is interaction between income and zonal location?
C) Are you able to conduct tests on the main effects? If yes, conduct these tests at the 5% significance level.

Question

A researcher wants to understand how an annual mortgage payment (in dollars) depends on income level and zonal location allowing for an interaction. The data are shown below.  a. Construct a two-way (with interaction) ANOVA table for these data.
B) At the 5% significance level, can you conclude there is interaction between income and zonal location?
C) Are you able to conduct tests on the main effects? If yes, conduct these tests at the 5% significance level.

Quizplus · Accepted Answer

The Answer of A researcher wants to understand how an annual mortgage payment (in dollars) depends on income level and zonal location allowing for an interaction. The data are shown below.  a. Construct a two-way (with interaction) ANOVA table for these data.
B) At the 5% significance level, can you conclude there is interaction between income and zonal location?
C) Are you able to conduct tests on the main effects? If yes, conduct these tests at the 5% significance level.

A Researcher Wants to Understand How an Annual Mortgage Payment