In: Math
The manager of a computer software company wishes to study the number of hours senior executives by type of industry spend at their desktop computers. The manager selected a sample of five executives from each of three industries. At the .05 significance level, can she conclude there is a difference in the mean number of hours spent per week by industry?
Banking |
Retail |
Insurance |
32 |
28 |
30 |
30 |
28 |
28 |
30 |
26 |
26 |
32 |
28 |
28 |
30 |
30 |
30 |
ANOVA:-
Analysis of Variance (ANOVA) is a statistical method used to test differences between two or more means. It may seem odd that the technique is called "Analysis of Variance" rather than "Analysis of Means." As you will see, the name is appropriate because inferences about means are made by analyzing variance.
Here, We use ONE WAY ANOVA
Banking | Retail | Insurance |
32 | 28 | 30 |
30 | 28 | 28 |
30 | 26 | 26 |
32 | 28 | 28 |
30 | 30 | 30 |
Using MINITAB:
At the .05 significance level, she can conclude there is a difference in the mean number of hours spent per week by industry