Title: Information regarding the starting salaries (in $1,000) of samples of students in four different ...
Post by: lotusflwr on Mar 5, 2023
Information regarding the starting salaries (in $1,000) of samples of students in four different majors is given below.
Majors
Management | Marketing | Finance | Accounting | |
| Sample size | 12 | 10 | 9 | 14 |
| Average | 26 | 31 | 22 | 25 |
| Sample variance | 10 | 7 | 15 | 9 |
| a. | Compute the overall sample mean  . |
| b. | Set up the ANOVA table for this problem including the test statistic. |
| c. | At 95% confidence, determine the critical value of F. |
| d. | Using the critical value approach, test to determine whether there is a significant difference in the means of the three populations. |
| e. | Determine the p-value and use it for the test. |
Title: Re: Information regarding the starting salaries (in $1,000) of samples of students in four different ...
Post by: penmc on Mar 5, 2023
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