A senior accounting major at Midsouth State University has job offers from four CPA firms. To explore the offers further, she asked a sample of recent trainees from each firm: How many months did you work before receiving a raise in salary? Using the following ANOVA table, is there a difference in the mean number of months before receiving a raise among the four firms? Use the 0.01 level of significance. Analysis of Variance Source df SS MS F p Factor 3 28.17 9.39 5.37 0.010 Error 15 26.26 1.75 Total 18 54.43 Required: a. What are the null and alternate hypotheses? b. What is the test statistic? (Round your answer to 2 decimal places.) c. What is the p-value? (Round your answer to 3 decimal places.) d. What is your decision regarding the null hypothesis? e. Interpret the result.
A senior accounting major at Midsouth State University has job offers from four CPA firms. To explore the offers further, she asked a sample of recent trainees from each firm: How many months did you work before receiving a raise in salary? Using the following ANOVA table, is there a difference in the mean number of months before receiving a raise among the four firms? Use the 0.01 level of significance. Analysis of Variance Source df SS MS F p Factor 3 28.17 9.39 5.37 0.010 Error 15 26.26 1.75 Total 18 54.43 Required: a. What are the null and alternate hypotheses? b. What is the test statistic? (Round your answer to 2 decimal places.) c. What is the p-value? (Round your answer to 3 decimal places.) d. What is your decision regarding the null hypothesis? e. Interpret the result.
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section: Chapter Questions
Problem 8SGR
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3.
A senior accounting major at Midsouth State University has job offers from four CPA firms. To explore the offers further, she asked a sample of recent trainees from each firm: How many months did you work before receiving a raise in salary? Using the following ANOVA table, is there a difference in the
Analysis of Variance | |||||
Source | df | SS | MS | F | p |
Factor | 3 | 28.17 | 9.39 | 5.37 | 0.010 |
Error | 15 | 26.26 | 1.75 | ||
Total | 18 | 54.43 | |||
Required:
a. What are the null and alternate hypotheses?
b. What is the test statistic? (Round your answer to 2 decimal places.)
c. What is the p-value? (Round your answer to 3 decimal places.)
d. What is your decision regarding the null hypothesis?
e. Interpret the result.
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