What do we really test using the concept of one-way ANOVA

Assignment Help Financial Accounting

Reference no: EM132792945

Question - Dr. "Artemis" is the Chairman of the Department of Business Analytics of the "Banana University" and she is planning to give a lecture on the Analysis of Variance (ANOVA) and Hypothesis Testing to the Business Analytics Association at the "Meow-Meow" Hotel in San Francisco, California. Please assist her to compute all the necessary results in order to construct the ANOVA Table by employing all necessary information from Table 1 below:

Table 1
FRONT ROW Group	MIDDLE ROW Group	BACK ROW Group
39	33	44
36	29	31
37	44	38
39	35	32
44	33	37
38	32	29

1. What do we really test using the concept of one-way ANOVA? State clearly the Null Hypothesis given that the alpha level is a=0.05.

2. Calculate the Mean Squares in between and the Mean Squares within?

3. How would obtain the F calculated? What is its value?

4. What is the Family Error Rate (FER)?

5. What is the probability of making a Type I Error with a=0.05 and a=0.01?

6. What is the meaning of a Type I Error?

7. If the number of Groups from G=3 is increasing to G=5, can I argue that the probability of making a Type I error will also increase? Carefully explain your answer.

Reference no: EM132792945

Questions Cloud

Develop a hypothetical architecture with illustrative : Develop a hypothetical architecture with illustrative instruction and data formats, instruction sets, etc., explain the instruction and machine cycles

How you control where information goes : For this discussion board Update the common operational picture (COP). Use the 1st AD ATROPIAN IRON OPORD phase 1 information and the Phase 1 Significant Events

Find the price of a coupon bond : Find the price of a 3.8% coupon bond with 18 years left to maturity and a market interest rate of 7%. Compute the price again if interest payments are paid

Which is generally a merchandiser major cost : Which is generally a merchandiser's major cost? Which of the following does "FOB Destination" mean? Which of the following does "FOB Shipping Point" mean?

What do we really test using the concept of one-way ANOVA : What do we really test using the concept of one-way ANOVA? State clearly the Null Hypothesis given that the alpha level is a=0.05

Commonly used for treatment of hypertension : Present the comparison of cardio selective and non-selective beta-blockers most commonly used for treatment of hypertension.

How the example of the eskimos supports rachels point : Read The Challenge of Cultural Relativism by James Rachels. In your own words, explain how the example of the Eskimos supports Rachels' point.

How often do you read the software licensing document : How often do you read the software licensing document? If no, then why not? If yes, what did you realize? Explain

Explain use of digital steganography : Provide one detailed example each of a positive ('good') use and a negative ('bad') use of digital steganography.

User Account

All Pages