Purchase Solution

Business Uses of ANOVA

Not what you're looking for?

Ask Custom Question

Analysis of variance (ANOVA) is used to determine if there is a difference between the means of different populations. This is an example from a student in Prescott Arizona. A company was trying to sell her the feed they produced by claiming that if her hens ate their feed, the hens would produce more eggs. They offered her a study to read in which they demonstrated that their feed was the best. To support this, they conducted an experiment in which they fed four different types of food, including their own, to groups of hens. They wanted to show that on average hens that ate their food produced more eggs. They used analysis of variance. Can you think of your own business-related examples? Can you think of any specifically related to operations management?

Purchase this Solution
Solution Summary

159 words to discuss business applications of ANOVA, particularly in operations management.

Solution Preview

Suppose I work for a pharmaceutical company (A) and the hospital where I supply my drugs claims that it uses inoculation drugs from three different companies to give people flu shots. Company A says that its drug is most ...

Purchase this Solution
Free BrainMass Quizzes
Know Your Statistical Concepts

Each question is a choice-summary multiple choice question that presents you with a statistical concept and then 4 numbered statements. You must decide which (if any) of the numbered statements is/are true as they relate to the statistical concept.

Measures of Central Tendency

Tests knowledge of the three main measures of central tendency, including some simple calculation questions.

Measures of Central Tendency

This quiz evaluates the students understanding of the measures of central tendency seen in statistics. This quiz is specifically designed to incorporate the measures of central tendency as they relate to psychological research.

Terms and Definitions for Statistics

This quiz covers basic terms and definitions of statistics.

View More Free Quizzes
Related BrainMass Solutions

  • Usage of ANOVA, Non-Parametric tests

    boat only; group 3 uses plane; group 2 uses truck and boat) What are the differences between one-way and two-way ANOVA?

  • Use of two-way ANOVA

    188857 A business researcher uses two-way ANOVA in a report for a client. A business researcher uses two-way ANOVA in a report for a client. The researcher does not check the assumptions of using the technique. Is this a problem?

  • Business-related ANOVA examples

    82351 Business-related ANOVA examples Analysis of variance (ANOVA) is used to determine if there is a difference between the means of different populations. This is an example from a student in Prescott, Arizona.

  • ANOVA analysis in a healthcare setting

    Can you think of healthcare business-related examples? Suppose a hospital claims that it uses inoculation drugs from three different companies to give people flu shots.

  • Hypothesis Testing and Variance Analysis

    The majority of research on job satisfaction will be correlations so you will need to search for any paper that uses an experiment, i.e. groups of people that are randomly assigned by the experimenters, you can tell this in the abstract the authors will

  • Analysis of Variance

    * The variances of the populations must be equal. A One-way ANOVA uses just one independent variable. The Analysis of Variance (ANOVA) yields Main effects and Interaction effects.

  • ANOVA

    Here, we would discuss, where these ANNOVA test are useful and when they are used.// Uses of ANOVA ANOVA is basically used for testing considerable differences in various samples means taken.

  • ANOVA versus a t-test

    The t-tests can only be done between two data sets, or between one set and a "true" value - An ANOVA uses the F distribution instead of the t-distribution - An ANOVA assumes that all of the data sets have equal variances - Use caution on close decisions

  • Several ANOVA problems

    Cris Turlock owns and manages a small business in San Francisco, California. The business provides breakfast and brunch food, via carts parked along sidewalks, to people in the business district of the city.

View More Related Solutions