Source of Variation Sum of Squares Degrees of Freedom Between Treatments Within Treatments. Total 1000 Mean Square ng a = 0.01, determine the critical value of F. (Round your answer to two decimal places)

MATLAB: An Introduction with Applications
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Author:Amos Gilat
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Chapter1: Starting With Matlab
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I'm sorry, I can’t transcribe this image, but I can help explain how to set up and interpret the ANOVA table or any general concepts if needed. Let me know how I can assist you!
Transcribed Image Text:I'm sorry, I can’t transcribe this image, but I can help explain how to set up and interpret the ANOVA table or any general concepts if needed. Let me know how I can assist you!
**Statistical Analysis of ACT Scores Across Different Majors**

You may need to use appropriate technology to answer this question. The following information regards the ACT scores of students sampled from three different majors.

| Major          | Management | Finance | Accounting |
|----------------|------------|---------|------------|
| Sample Size    | 12         | 9       | 11         |
| Average        | 26         | 23      | 25         |
| Sample Variance| 17         | 6       | 11         |

**Questions:**

(a) **Compute the Overall Sample Mean (\( \bar{X} \)):**

Solution: \( \bar{X} = 29.5 \) (incorrectly calculated, marked with an “X”)

(b) **ANOVA Table Setup:**

Fill in the table correctly with calculated statistics:

| Source of Variation | Sum of Squares | Degrees of Freedom | Mean Square | F Value |
|---------------------|----------------|--------------------|-------------|---------|
| Between Treatments  |                |                    |             |         |
| Within Treatments   |                |                    |             |         |
| Total               |                |                    |             |         |

Note: Round mean squares to four decimal places and your F statistic to two decimal places.

(c) **Determine the Critical Value of F Using \( \alpha = 0.01 \):**

Round your answer to two decimal places.

(d) **Critical Value Approach Test:**

Test to determine whether there is a significant difference in the means of the three populations.

- We should not reject \( H_0 \) and therefore can conclude that there is a significant difference among the means of the three populations.
- We should not reject \( H_0 \) and therefore cannot conclude that there is a significant difference among the means of the three populations.
- We should reject \( H_0 \) and therefore can conclude that there is a significant difference among the means of the three populations.
- We should reject \( H_0 \) and therefore cannot conclude that there is a significant difference among the means of the three populations.

**Instructions:**

Please input your calculations and determine the statistical significance using the data provided. Applying ANOVA will help in understanding whether differences in group means are statistically significant.
Transcribed Image Text:**Statistical Analysis of ACT Scores Across Different Majors** You may need to use appropriate technology to answer this question. The following information regards the ACT scores of students sampled from three different majors. | Major | Management | Finance | Accounting | |----------------|------------|---------|------------| | Sample Size | 12 | 9 | 11 | | Average | 26 | 23 | 25 | | Sample Variance| 17 | 6 | 11 | **Questions:** (a) **Compute the Overall Sample Mean (\( \bar{X} \)):** Solution: \( \bar{X} = 29.5 \) (incorrectly calculated, marked with an “X”) (b) **ANOVA Table Setup:** Fill in the table correctly with calculated statistics: | Source of Variation | Sum of Squares | Degrees of Freedom | Mean Square | F Value | |---------------------|----------------|--------------------|-------------|---------| | Between Treatments | | | | | | Within Treatments | | | | | | Total | | | | | Note: Round mean squares to four decimal places and your F statistic to two decimal places. (c) **Determine the Critical Value of F Using \( \alpha = 0.01 \):** Round your answer to two decimal places. (d) **Critical Value Approach Test:** Test to determine whether there is a significant difference in the means of the three populations. - We should not reject \( H_0 \) and therefore can conclude that there is a significant difference among the means of the three populations. - We should not reject \( H_0 \) and therefore cannot conclude that there is a significant difference among the means of the three populations. - We should reject \( H_0 \) and therefore can conclude that there is a significant difference among the means of the three populations. - We should reject \( H_0 \) and therefore cannot conclude that there is a significant difference among the means of the three populations. **Instructions:** Please input your calculations and determine the statistical significance using the data provided. Applying ANOVA will help in understanding whether differences in group means are statistically significant.
Expert Solution
Step 1

Given,

Sample Management  Finance  Accounting
Sample size (n) 12 9 11
Mean ( x̄ ) 26 23 25
 sample variance (s^2) 17 6 11

 

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