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Using the sample data, perform one-way analysis of variance (ANOVA). Evaluate whether the average return of at least one of the industry-specific ETFs is significantly
Using the sample data, perform one-way analysis of variance (ANOVA). Evaluate whether the average return of at least one of the industry-specific ETFs is significantly different. Use a 5% level of significance.
- Define the null and alternative hypothesis in mathematical terms and in words.
- Report the level of significance - 5% or 0.05
- Include the test statistic and the P-value - test statistic = 55.07; P-value = 0.0
- Provide your conclusion and interpretation of the test. Should the null hypothesis be rejected? Why or why not?
- Does a side-by-side boxplot of the 10-year returns of ETFs from the three sectors confirm your conclusion of the hypothesis test? Why or why not?
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