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.
Step by Step Answer:
Business Statistics For Contemporary Decision Making
ISBN: 978-1119320890
9th edition
Authors: Ken Black