Leading Businesses The following data show the yearly budgets for leading business sectors in the United...

Leading Businesses The following data show the yearly budgets for leading business sectors in the United States. At α = 0.05, is there a significant difference in the mean budgets of the business sectors? The data are in thousands of dollars.Use the traditional method of hypothesis testing unless otherwise specified.

a. State the hypotheses and identify the claim.

b. Find the critical value.

c. Compute the test value.

d. Make the decision.

e. Summarize the results.

Beverages	Electronics	Food producers	Supportive services
170	46	59	56
128	24	58	37
19	18	33	19
16	14	31	19
12	13	28	17
11	12	22	15
10	10	16	15

Solutions

Expert Solution

ANOVA Test:

(3) Test Statistic: From the given data

orchestra answered 1 year ago

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