In the Manufacturing database, the Value of Industrial Shipments has been recoded into four classifications (14) according

Question:

In the Manufacturing database, the Value of Industrial Shipments has been recoded into four classifications (1–4) according to magnitude of value. Let this value be the independent variable with four levels of classifications. Compute a one-way ANOVA to determine whether there is any significant difference in classification of the Value of Industrial Shipments on the Number of Production Workers (dependent variable). Perform the same analysis using End-of-Year Inventories as the dependent variable. Now change the independent variable to Industry Group, of which there are 20, and perform first a one-way ANOVA using Number of Production Workers as the dependent variable and then a one-way ANOVA using End-of-Year Inventory as the dependent variable.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Question Posted: