Question
Do various financial indicators differ significantly according to type of company?Using the Excel Databases.xls file on Blackboard, locate the tab for the Financial Database.Let Type
Do various financial indicators differ significantly according to type of company?Using the "Excel Databases.xls" file on Blackboard, locate the tab for the Financial Database.Let Type of Company be the independent variable with seven levels (Apparel, Chemical, Electric Power, Grocery, Healthcare Products, Insurance, and Petroleum for Types 1 - 7, respectively.Perform a one-way ANOVA using Excel with Earnings Per Share as the dependent variable to test if there is a significant difference in earnings per share between the 7 types of companies. (hint:you will have to organize the data appropriately to perform the one-way ANOVA in Excel).Perform Fisher's LSD by hand to answer the question: are Earnings Per Share significantly different for chemical and petroleum companies?Assume a 5% level of significance.What is the critical difference (Least Significant Difference)?Round your answer to 3 decimal places.
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