Quantitative methods for accounting

A market analyst is 1 t prices for three fruit juice bar companies located in different cities. She collects sample information from each company in order to conduct an ANOVA test ( Excel output provided below). Examine whether the price of fruit juice bar in all three cities is different. Use 5% level of significance ( Write all 6 steps of hypothesis testing) Anova: Single F gle Factor SUMMARY Groups Count Sum Average Variance Boost juice 35.6 7.12 3.852 Naked juice 32.5 6.50 0.760 Funky juice 38.5 7.70 1.285 ANOVA Source of Variation SS Df MS Between Groups 3.601333 2 1.80 0.916 Within Groups 23.588 12 1.9657 Total 27.18933 14