**Credit Card Application Data Analysis - 1987**A dataset from 1987 provides insights into credit card applications and approvals for 690 applicants. The focus is on analyzing debt amounts across various industries, specifically: information technology, healthcare, real estate, and education. Values are scaled for ease of analysis.**Sample Data:**- **Information Technology:** 45 applicants, average debt of $4.03, standard deviation $3.88.- **Healthcare:** 52 applicants, average debt of $5.84, standard deviation $6.58.- **Real Estate:** 30 applicants, average debt of $4.79, standard deviation $5.43.- **Education:** 30 applicants, average debt of $8.21, standard deviation $6.25.**Hypotheses:**- $ H_0 $: All the means are equal.- $ H_a $: At least one mean is different from the others.**ANOVA Summary Table (α = 0.01):**- Complete the table, rounding answers to three decimal places, and interim calculations to four decimal places.**Overall Mean:**- Calculate and use as a check before starting calculations.**ANOVA Table Layout:**| Source | SS | df | MS | F | P-value ||---------|-----|-----|-----|----|---------|| Between | | | | | || Within | | | | | || Total | | | | | |Fill in calculations to compare the industry means and determine if there are significant differences at the 0.01 significance level.

Answered: A dataset from 1987 contains…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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