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Advantages of ANOVA.

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1. What is ANOVA and what is its underlying theory? In ANOVA, what does F=1 mean? When would you use ANOVA at your place of employment, in your education, or in politics?

2. A researcher finds that 123 respondents have checking accounts at banks, 135 at savings and loan, and 4 at credit unions. The researcher groups 4 of the respondents who have answered "credit union" in with the saving and loan group so that a bivariate comparison between banks and S&L can be made. Why do you think this was done? Is this ethical?

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Underlying theory of ANOVA.

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1.What is ANOVA and what is its underlying theory? In ANOVA, what does F=1 mean? When would you use ANOVA at your place of employment, in your education, or in politic?
ANOVA means analysis of variance. Suppose we wish to test means of only two populations we use t-test. In case we have more than 2 samples to test then it becomes cumbersome to use t-test. In such cases we use ANOVA. ANOVA is used to test the means of more ...

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