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Home Q & A Board Science-Related Homework Help Mathematics Statistics and Probability
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lotusflwr lotusflwr
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A year ago

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.

Textbook 
Essentials of Statistics for Business and Economics

Essentials of Statistics for Business and Economics


Edition: 7th
Authors:
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penmcpenmc
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A year ago
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