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Analysis of variance and T test for average profit margin

The organization would like to determine if three of their territories are in fact meeting average profit margin expectations of 35% or if there is a variance depending on market region.

Perform an ANOVA on the data presented in the attachment.

1) Please provide explanations during the steps
2) Show corresponding work
3) Explain why specific test or measures were selected
4) Explain results

Attachments

Solution Preview

Please see the attachments. ANOVA and Students t tests are conducted.

ANVOA Test and Explanation of work

The organization would like to determine if three of their territories are in fact meeting average profit margin expectations of 35% or if there is a variance depending on market region.

Perform an ANOVA on the data presented in the attachment.

1) Please provide explanations during the steps
2) Show corresponding work
3) Explain why specific test or measures were selected
4) Explain results

Answer
Part I

AVOVA test is used to examine whether there any difference in the average profit ...

Solution Summary

The solution gives the step by step procedure for analysis of average profit margin in three different locations. Post hoc analysis is also conducted and the results are interpreted.

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