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Statistics: Discuss Anova, p-value and related terms

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1. Discuss the concept of ANOVA and its applicability in the workplace.

2. Define the following terms related to an ANOVA in terms that the everyday person can understand, and then discuss why you would perform an ANOVA rather than a t-test.

+ Sum of squares among (SSA)
+ Sums of squares error (SSE)
+ Means square among (MSA)
+ Means square error (MSE)
+ Mean squares total (MST)

3. Discuss the importance of a "p-value" in relation to statistical testing.

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1: Discuss the concept of ANOVA and its applicability in the workplace.

ANOVA - In statistics, analysis of variance (ANOVA) is a collection of statistical models, and their associated procedures, in which the observed variance is partitioned into components due to different explanatory variables. The concept of ANOVA is comparison of means. An ANOVA is a guide for determining whether an event was most likely due to the random chance of natural variation. ...

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This solution discusses ANOVA and p-value.

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