ANOVA – The career center at a local university is researching job prospects and salaries for accounting graduates in a local area. The research is based on a sample of 100 reported data points separated by two factors, 1) whether the job is in the accounting or finance fields or not (i.e. Pay_AF = 1 for individuals employed in the accounting or finance fields), and 2) whether the employee has a CPA/CFA certificate or not (i.e. cpa = 1 for employees with a CPA/CFA certification).SEE IMAGE FOR FULL HOMEWORK PROBLEMA two-way ANOVA analysis of the salaries data returned the following results. What is the average salary for all employees in the sample?What is the average salary for employees who hold a CPA/CFA license but are NOT employed in the accounting or finance fields?In the ANOVA results, what do the results in the Columns row indicate?In the ANOVA results, what do the results in the Interaction row indicate?Overall, what conclusion can we draw from the ANOVA? 1) ANOVA - The career center at a local university is researching job prospects and salaries foraccounting graduates in a local area. The research is based on a sample of 100 reported data pointsseparated by two factors, 1) whether the job is in the accounting or finance fields or not (i.e. Pax AE= 1 for individuals employed in the accounting or finance fields), and 2) whether the employee has aCPA/CFA certificate or not (i.e. spa= 1 for employees with a CPA/CFA certification).A two-way ANOVA analysis of the salaries data returned the following results.Anova: Two-Factor With ReplicationSUMMARYCountSumAverageVarianceCountSumAverageVarianceCountSumAverageVariancecpaTotalno ncpaTotalANOVASource of VariationSampleColumnsInteractionWithinPay_AF Pay_Othe Total2525503582590.2 1913396 5495986143303.61 76535.82 109919.71189E+09 6.55E+08 2.04E+092550252183073 4127298194422677769.039 87322.9 82545.97792544342 7.79E+08 7.93E+0850505526816.1 4096468110536.32 81929.362.066E+09 7.32E+08SS1873E+102.046E+103.641E+108.199E+101576E+11dfMSFP-value Fcrit1 187E+10 21.93487 9.28E-06 3.9401631 2.05E+10 23.95577 3.97E-06 3.9401631 3.64E+10 42.6287 3.14E-09 3.94016396 8.54E+0899a. What is the average salary for all employees in the sample?b.What is the average salary for employees who hold a CPA/CFA license but are NOT employed inthe accounting or finance fields?c. In the ANOVA results, what do the results in the Columns row indicate?d. In the ANOVA results, what do the results in the Interaction row indicate?e. Overall, what conclusion can we draw from the ANOVA?

Question

ANOVA – The career center at a local university is researching job prospects and salaries for accounting graduates in a local area. The research is based on a sample of 100 reported data points separated by two factors, 1) whether the job is in the accounting or finance fields or not (i.e. Pay_AF = 1 for individuals employed in the accounting or finance fields), and 2) whether the employee has a CPA/CFA certificate or not (i.e. cpa = 1 for employees with a CPA/CFA certification).SEE IMAGE FOR FULL HOMEWORK PROBLEMA two-way ANOVA analysis of the salaries data returned the following results. What is the average salary for all employees in the sample?What is the average salary for employees who hold a CPA/CFA license but are NOT employed in the accounting or finance fields?In the ANOVA results, what do the results in the Columns row indicate?In the ANOVA results, what do the results in the Interaction row indicate?Overall, what conclusion can we draw from the ANOVA? 1) ANOVA - The career center at a local university is researching job prospects and salaries foraccounting graduates in a local area. The research is based on a sample of 100 reported data pointsseparated by two factors, 1) whether the job is in the accounting or finance fields or not (i.e. Pax AE= 1 for individuals employed in the accounting or finance fields), and 2) whether the employee has aCPA/CFA certificate or not (i.e. spa= 1 for employees with a CPA/CFA certification).A two-way ANOVA analysis of the salaries data returned the following results.Anova: Two-Factor With ReplicationSUMMARYCountSumAverageVarianceCountSumAverageVarianceCountSumAverageVariancecpaTotalno ncpaTotalANOVASource of VariationSampleColumnsInteractionWithinPay_AF Pay_Othe Total2525503582590.2 1913396 5495986143303.61 76535.82 109919.71189E+09 6.55E+08 2.04E+092550252183073 4127298194422677769.039 87322.9 82545.97792544342 7.79E+08 7.93E+0850505526816.1 4096468110536.32 81929.362.066E+09 7.32E+08SS1873E+102.046E+103.641E+108.199E+101576E+11dfMSFP-value Fcrit1 187E+10 21.93487 9.28E-06 3.9401631 2.05E+10 23.95577 3.97E-06 3.9401631 3.64E+10 42.6287 3.14E-09 3.94016396 8.54E+0899a. What is the average salary for all employees in the sample?b.What is the average salary for employees who hold a CPA/CFA license but are NOT employed inthe accounting or finance fields?c. In the ANOVA results, what do the results in the Columns row indicate?d. In the ANOVA results, what do the results in the Interaction row indicate?e. Overall, what conclusion can we draw from the ANOVA?

Accepted Answer

Given Information:
Consider the given information in which the sample is based on a sample of 100…