A senior accounting major at Midsouth State University has job offers from four CPA firms. To explore

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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 .05 level of significance.

Analysis of Variance Source DF MS F P Factor 3 32.33 10.78 2.36 0.133 Error 10 45.67 4.57 Total 13 78.00

a. What are the null and alternate hypotheses?

b. What is the test statistic?

c. What is the p-value?

d. What is your decision regarding the null hypothesis?

e. Interpret the result.

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Related Book For  book-img-for-question

Statistical Techniques In Business And Economics

ISBN: 9781260239478

18th Edition

Authors: Douglas Lind, William Marchal, Samuel Wathen

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