EconHM10 - Question #1 This is example #1 that starts on...

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This is example #1 that starts on page 55 (slide 11) in your course packet. The director of graduate placement of an MBA program is interested in the impact of the different majors on the number of job offers the MBA graduates receive. He randomly selects 26 students from each of the 3 following majors: Finance, Marketing and Accountancy, and asks them the number of job offers received just after graduation. Based on this data , can he conclude that the mean number of job offers differ by major? 1. What is (are) the factor(s) in this example: major 2. What is (are) the factor(s) level(s) in this example: Finance, Marketing and Accountancy 3. To perform the difference in means test for the above dataset, you would go to Tools --> Data Analysis --> ANOVA: Single Factor 4. What is the value of the test statistic for this test? 2.702196705 5. What is the p-value for this test? 0.073587768 6. What would the MBA director conlude at the 5% significance level about the difference between the number of job offers by majors? o Reject the null hypothesis and conclude that at least one of the three majors has a different number of job offers compared to the others. o Reject the null hypothesis and conclude that there is not enough evidence to conclude that at least one of the three majors has a different number of job offers compared to the others. o Fail to reject the null hypothesis and conclude that at least one of the three majors has a different number of job offers compared to the others. o Fail to reject the null hypothesis and conclude that there is not enough evidence to conclude that at least one of the three majors has a different number of job offers compared to the others. 7. ANOVA Single Factor is always a: o One-tail test with a rejection region on the left end of the F distribution. o One-tail test with a rejection region on the right end of the F distribution. o
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This note was uploaded on 02/11/2010 for the course ECON 203 taught by Professor Petry during the Spring '09 term at University of Illinois, Urbana Champaign.

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EconHM10 - Question #1 This is example #1 that starts on...

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