One Way ANOVA
A researcher at an accounting firm wants to out whether the current ratio for three industries is about the same. Random samples of eight firms in industry A, six firms in industry B, and six firms in industry C are available. The ratios are as follows:
Industry A: 1.38, 1.55, 1.90, 2.00, 1.22, 2.11, 1.98, 1.61
Industry B: 2.33, 2.50, 2.79, 3.01, 1.99, 2.45
Industry C: 1.06, 1.37, 1.09, 1.65, 1.44, 1.11
Conduct the test at
= 0.05, and state your conclusion.
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