How productive are U.S. workers? One way to answer this question is to study annual profits...

50.1K

Verified Solution

Question

Basic Math

How productive are U.S. workers? One way to answer this questionis to study annual profits per employee. A random sample ofcompanies in computers (I), aerospace (II), heavy equipment (III),and broadcasting (IV) gave the following data regarding annualprofits per employee (units in thousands of dollars).

IIIIIIIV
27.513.722.817.1
23.39.320.316.7
14.711.77.914.5
8.68.912.515.3
11.56.17.210.4
19.29.1

Shall we reject or not reject the claim that there is nodifference in population mean annual profits per employee in eachof the four types of companies? Use a 5% level of significance.


(b) Find SSTOT, SSBET, andSSW and check that SSTOT =SSBET + SSW. (Use 3 decimal places.)

SSTOT=
SSBET=
SSW=


Find d.f.BET, d.f.W,MSBET, and MSW. (Use 3 decimalplaces for MSBET, andMSW.)

dfBET=
dfW=
MSBET=
MSW=


Find the value of the sample F statistic. (Use 3 decimalplaces.)


What are the degrees of freedom?
(numerator)=
(denominator)=

(f) Make a summary table for your ANOVA test.

Source of
Variation
Sum of
Squares
Degrees of
Freedom
MSF
Ratio
P ValueTest
Decision
Between groups---Select--- p-value > 0.100 0.050 < p-value < 0.1000.025 < p-value < 0.050 0.010 < p-value < 0.025 0.001< p-value < 0.010 p-value < 0.001---Select--- Do not reject H0. Reject H0.
Within groups
Total

Answer & Explanation Solved by verified expert
4.0 Ratings (746 Votes)
treatment I II III IV count ni 5 6 5 6 mean x i 17120 1148 14140 1385 std dev si 7999 4581 7119 3337 sample variances si2 63992 20986 50683 11135 total sum 856    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students