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    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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    https://brainmass.com/statistics/analysis-of-variance/anova-fund-data-224685

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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 ...

    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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