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A random sample of companies in electric utilities (I), financial services (II), and food processing (III) gave the following information regarding annual profits per employee (units in thousands of dollars).
I
II
III
49.4
55.5
39.1
43.1
24.5
37.8
32.2
41.8
10.7
27.9
29.9
32.5
38.9
39.4
15.5
36.7
42.7
20.8
Shall we reject or not reject the claim that there is no difference in population mean annual profits per employee in each of the three types of companies? Use a 5% level of significance.
(a) What is the level of significance?
State the null and alternate hypotheses.
O H,: H1 = H2 = H3i H;: At least two means are equal.
O H,: H1 = H2 = H3; H;: Not all the means are equal.
O H.: H1 = H2 = H3; H;: All three means are different.
O H.: H1 = H2 = H3i H;: Exactly two means are equal.
(b) Find SSTOT, SSBET, and SSw and check that SSTOT = SSBET + SSw. (Use 3 decimal places.)
SSTOT =
SSBET =
SSw=C
Find d.f. BET, d.f. w, MSBET, and MSw. (Use 3 decimal places for MSBET, and MSw:)
dfBET =
dfw=|
MS BET =
MSw=
Find the value of the sample F statistic. (Use 3 decimal places.)
What are the degrees of freedom?
(numerator)
(denominator)
(c) Find the P-value of the sample test statistic. (Use 4 decimal places.)
(d) Based on your answers in parts (a) to (c), will you reject or fail to reject the null hypothesis?
O Since the P value is greater than the level of significance at a = 0.05, we do not reject Ho:
O Since the P value is less than or equal to the level of significance at a = 0.05, we reject Ho.
O Since the P value is greater than the level of significance at a = 0.05, we reject Ho.
O Since the P value is less than or equal to the level of significance at a = 0.05, we do not reject Ho.
(e) Interpret your conclusion in the context of the application.
O At the 5% level of significance there is insufficient evidence to conclude that the means are not all equal.
O At the 5% level of significance there is sufficient evidence to conclude that the means are all equal.
O At the 5% level of significance there is insufficient evidence to conclude that the means are all equal.
O At the 5% level of significance there is sufficient evidence to conclude that the means are not all equal.
(f) Make a summary table for your ANOVA test.
Source of
Degrees of
Freedom
Sum of
F
Test
MS
P Valu
Variation
Squares
Ratio
Decision
Between groups
---Select---
Within groups
Total
Transcribed Image Text:A random sample of companies in electric utilities (I), financial services (II), and food processing (III) gave the following information regarding annual profits per employee (units in thousands of dollars). I II III 49.4 55.5 39.1 43.1 24.5 37.8 32.2 41.8 10.7 27.9 29.9 32.5 38.9 39.4 15.5 36.7 42.7 20.8 Shall we reject or not reject the claim that there is no difference in population mean annual profits per employee in each of the three types of companies? Use a 5% level of significance. (a) What is the level of significance? State the null and alternate hypotheses. O H,: H1 = H2 = H3i H;: At least two means are equal. O H,: H1 = H2 = H3; H;: Not all the means are equal. O H.: H1 = H2 = H3; H;: All three means are different. O H.: H1 = H2 = H3i H;: Exactly two means are equal. (b) Find SSTOT, SSBET, and SSw and check that SSTOT = SSBET + SSw. (Use 3 decimal places.) SSTOT = SSBET = SSw=C Find d.f. BET, d.f. w, MSBET, and MSw. (Use 3 decimal places for MSBET, and MSw:) dfBET = dfw=| MS BET = MSw= Find the value of the sample F statistic. (Use 3 decimal places.) What are the degrees of freedom? (numerator) (denominator) (c) Find the P-value of the sample test statistic. (Use 4 decimal places.) (d) Based on your answers in parts (a) to (c), will you reject or fail to reject the null hypothesis? O Since the P value is greater than the level of significance at a = 0.05, we do not reject Ho: O Since the P value is less than or equal to the level of significance at a = 0.05, we reject Ho. O Since the P value is greater than the level of significance at a = 0.05, we reject Ho. O Since the P value is less than or equal to the level of significance at a = 0.05, we do not reject Ho. (e) Interpret your conclusion in the context of the application. O At the 5% level of significance there is insufficient evidence to conclude that the means are not all equal. O At the 5% level of significance there is sufficient evidence to conclude that the means are all equal. O At the 5% level of significance there is insufficient evidence to conclude that the means are all equal. O At the 5% level of significance there is sufficient evidence to conclude that the means are not all equal. (f) Make a summary table for your ANOVA test. Source of Degrees of Freedom Sum of F Test MS P Valu Variation Squares Ratio Decision Between groups ---Select--- Within groups Total
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Hello! As you have posted more than 3 sub parts, we are answering the first 3 sub-parts.  In case you require the unanswered parts also, kindly re-post that parts separately.

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Enter the data for I, II and III in Excel sheet>Go to Data Menu>Click on Data Analysis>Select ‘Anova: single factor’ and click on ‘OK’>Select the data under ‘input range’>Click on ‘OK’.

Excel Output:

Statistics homework question answer, step 1, image 1

Given that the level of significance is 5%.

The level of significance is 5%=0.05

 

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