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A random selection of accounting firms from three regions is taken and they are asked to state the starting salary for a new accounting graduate. Do a one-way ANOVA to analyze these data using a 1% level of significance:
South Northeast West--------- ----------- ---------
$30500 $41000 $35500
31500 39500 33500
30000 39000 35000
31000 38000 36500
31500 39500 36000
* Incorporate the 5-step hypothesis testing procedure
* If a significant F statistic is obtained, run a Post-Hoc Comparison's test on the 3 means
* Individual t-tests on all pairs of means can be done also
* Adjust level of significance to compensate for inflation
* Report which pairs of means are significantly different and their corresponding p values if available
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Caselet on McDonald’s vs. Burger King - Waiting time
Generate descriptive statistics. Create a stem-and-leaf plot of the data and box plot of the data.
Problems on Sampling Variability and Standard Error and Confidence Intervals
Estimate the population mean
Conduct a marketing experiment in which students are to taste one of two different brands of soft drink
Find out the probability
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