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