Answered: A random sample of companies in…

Source of
Variation

Sum of
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Degrees of
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Between groups

Within groups

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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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
49.6	55.7	39.3
43.5	24.7	37.8
32.7	41.9	10.1
27.9	29.1	32.3
38.6	39.1	15.9
36.7		42.9
20.9

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 1% level of significance.

(b) Find SS_TOT, SS_BET, and SS_W and check that SS_TOT = SS_BET + SS_W. (Use 3 decimal places.)

SS_TOT	=
SS_BET	=
SS_W	=

Find d.f._BET, d.f._W, MS_BET, and MS_W. (Use 3 decimal places for MS_BET, and MS_W.)

df_BET	=
df_W	=
MS_BET	=
MS_W	=

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

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

Make a summary table for your ANOVA test.

Definition Definition Measure of central tendency that is the average of a given data set. The mean value is evaluated as the quotient of the sum of all observations by the sample size. The mean, in contrast to a median, is affected by extreme values. Very large or very small values can distract the mean from the center of the data. Arithmetic mean: The most common type of mean is the arithmetic mean. It is evaluated using the formula: μ = 1 N ∑ i = 1 N x i Other types of means are the geometric mean, logarithmic mean, and harmonic mean. Geometric mean: The nth root of the product of n observations from a data set is defined as the geometric mean of the set: G = x 1 x 2 ... x n n Logarithmic mean: The difference of the natural logarithms of the two numbers, divided by the difference between the numbers is the logarithmic mean of the two numbers. The logarithmic mean is used particularly in heat transfer and mass transfer. ln x 2 − ln x 1 x 2 − x 1 Harmonic mean: The inverse of the arithmetic mean of the inverses of all the numbers in a data set is the harmonic mean of the data. 1 1 x 1 + 1 x 2 + ...

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