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.© BrainMass Inc. brainmass.com June 3, 2020, 10:18 pm ad1c9bdddf
** Please see the attached file for the complete solution response **
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.
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
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
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 ...
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.