Homework 9 - Graded Homework 9 You have submitted this...

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Graded Homework 9 You have submitted this Homework 3 times (including this time). You may submit this Homework a total of 40 times and receive full credit. This homework covers ANOVA material that can be found in your course packet on pages 65-69. Question #1 This is example #1 that starts on slide 10 (page 67) in your course packet. The director of graduate placement of an MBA program is interested on the impact of the different majors on the number of job offers the MBA graduates receive. He randomly selects 26 students of 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? 2.702197 5. What is the p-value for this test? 0.073588 6. What would the MBA director conclude at the 5% significance level about the difference between the number of job offers by majors? o Reject the null hypothesis and conclude that there is a difference in the number of job offers by major. o Reject the null hypothesis and conclude that there is not enough evidence to conclude that there is a difference in the number of job offers by major. o Fail to reject the null hypothesis and conclude that there is a difference in the number of job offers by major. o Fail to reject the null hypothesis and conclude that there is not enough evidence to conclude that there is a difference in the number of job offers by major. Item 4: Your answer is within ±.1% of the solution - correct. Item 5: Your answer is within ±.1% of the solution - correct. Item 6: You made all of the correct selections.
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You received a raw score of 100% on this question. Question #2
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This note was uploaded on 04/07/2008 for the course ECON 203 taught by Professor Petry during the Spring '08 term at University of Illinois at Urbana–Champaign.

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Homework 9 - Graded Homework 9 You have submitted this...

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