ANOVA for fund data
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Could you please help me with the ANOVA testing for the three charts attached. I am having difficulty and would appreciate it if you could explain the process and results to me. Thank you.
I appreciate your input.
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Solution Summary
The solution provides step by step method for the calculation of test statistic for F test in ANOVA. Formula for the calculation and Interpretations of the results are also included.
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Answer
H0: There is no significant difference mean losses or gains with respect the level of education.
H0: There is significant difference mean losses or gains with respect the level of education.
The test statistic used is ANOVA (F test).
Decision rule : Reject the null hypothesis if the calculated value of F is greater than the critical value of F.
Details
SUMMARY
Groups Count Sum Average Variance
1 mon 28 -1.6264 -0.05809 0.004538
3 Mon 28 -8.2796 -0.2957 0.014551
6 mon 28 -10.1615 -0.36291 0.023725
1 yr 28 -1.3842 -0.04944 0.003013
3 yrs 28 0.1748 0.006243 0.000341
10+yrs 28 0.3038 0.01085 0.000467
ANOVA
Source of Variation SS df MS F P-value F crit
Between Groups 3.685003 5 0.737001 94.82208 2.79E-46 2.26996
Within Groups 1.259138 162 0.007772
Total 4.944141 167
Conclusion:
Reject the null hypothesis. The sample provides enough evidence to support the claim that there is significant difference mean losses or gains with respect the level of education.
Employee Company A Yearly Contribution Company B ...
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