Question

In: Statistics and Probability

   (7) To investigate if majors is a factor for starting salary, we collected a random sample...

  1.    (7) To investigate if majors is a factor for starting salary, we collected a random sample of recent graduates. Answered the questions based on the given output.

                                                           ANOVA

                  Starting Salary

Sum of Squares

df

Mean Square

F

Sig

Between Groups

18296543

3

139432181

2.808

.045

Within Groups

52566751035

47962364

Total

52985047578

                                          

                                Student-Newman-Keuls

Major

N

Subset for alpha = .05

1

2

a

58

55342.73

c

95

56015.95

56015.95

b

24

57631.70

d

23

57991.03

Sig.

.328

.109

  1. Set up hypothesis

  1. Find P-value and state your decision

  1. Interpretations including the post hoc test results.

Solutions

Expert Solution

Solution:

(a)

Hypothesis

Majors is not a factor for starting Salary (or) Mean Salary (Starting) for all Majors are same.

Majors is a factor for starting salary (or) Mean Salary (Starting) for all Majors are not same.

Now

ANOVA

SS df MS F
Between Grops 418296543 3 139432181 2.907
Within Groups 52566751035 1096 47962364
Total 52985047578 1099

(b)

  

We reject at and conclude that Majors is a factor for starting salary (or) we can say that mean starting salory for all majors are not same.

(c)

Now, Interpretations including the post hoc test results.

The first column in the result contains the list of majors in order from lowest to highest mean.

Now,

If two majors appear in the same column, then those majors are not significantly different

Additionally,

A major that is listed in one column is said to be statistically significantly different from majors listed in another column

Therefore:

Majors a&c are not significantly different from each other and hence c,b & d

But, Major a is statistically significantly different from majors b and d.

Note:


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