Question
Occasionally, you have 1 independent variable that has 3 or more levels or groups. For a parametric data set, an analysis of variance (ANOVA) is
Occasionally, you have 1 independent variable that has 3 or more levels or groups. For a parametric data set, an analysis of variance (ANOVA) is the proper calculation. Use ANOVA to address the following scenario: A financial planner is interested in understanding the relationship between the dependent variable of the income level of respondents (rincdol) and the independent variable of their education level (degree) from the gss. Sav data file. Use SPSS to complete the following: Run an ANOVA to determine the overall conclusion. Use the Bonferroni correction as a post-hoc analysis to determine the relationship of specific degree levels to income. Explain the overall conclusions based on the analysis, and describe the relationship(s) between the levels of the degree earned and income. Write your conclusion on the findings based upon the output using proper APA formatting. Submit both the SPSS output file and your Word summary. Refer to Using SPSS for Windows and Macintosh's section about a one-way ANOVA for information on how to interpret and write APA results. Please submit your assignment.
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