That the starting salaries of new accounting graduates would differ according to geographic regions of the United States seems logical. A random selection of accounting firms is taken from three geographic regions, and each is asked to state the starting salary for a new accounting graduate who is going to work in auditing. The data obtained follow. Use a one-way ANOVA to analyze these data. Note that the data can be restated to make the computations more reasonable (example: $42,500 = 4.25).

Use a 1% level of significance. Discuss the business implications of yourfindings.

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South Northeast $51,000 49,500 49,000 48,000 49,500 West $40,500 41,500 40,000 41,000 41,500 $45,500 43,500 45,000 46,500 46,000