ANOVA – The career center at a local university is researching job prospects and salaries for accounting graduates in a local area. The research is based on a sample of 100 reported data points separated by two factors, 1) whether the job is in the accounting or finance fields or not (i.e. Pay_AF = 1 for individuals employed in the accounting or finance fields), and 2) whether the employee has a CPA/CFA certificate or not (i.e. cpa = 1 for employees with a CPA/CFA certification). SEE IMAGE FOR FULL HOMEWORK PROBLEM A two-way ANOVA analysis of the salaries data returned the following results. What is the average salary for all employees in the sample? What is the average salary for employees who hold a CPA/CFA license but are NOT employed in the accounting or finance fields? In the ANOVA results, what do the results in the Columns row indicate? In the ANOVA results, what do the results in the Interaction row indicate? Overall, what conclusion can we draw from the ANOVA?
ANOVA – The career center at a local university is researching job prospects and salaries for accounting graduates in a local area. The research is based on a sample of 100 reported data points separated by two factors, 1) whether the job is in the accounting or finance fields or not (i.e. Pay_AF = 1 for individuals employed in the accounting or finance fields), and 2) whether the employee has a CPA/CFA certificate or not (i.e. cpa = 1 for employees with a CPA/CFA certification). SEE IMAGE FOR FULL HOMEWORK PROBLEM A two-way ANOVA analysis of the salaries data returned the following results. What is the average salary for all employees in the sample? What is the average salary for employees who hold a CPA/CFA license but are NOT employed in the accounting or finance fields? In the ANOVA results, what do the results in the Columns row indicate? In the ANOVA results, what do the results in the Interaction row indicate? Overall, what conclusion can we draw from the ANOVA?
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.6: Summarizing Categorical Data
Problem 30PPS
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- ANOVA – The career center at a local university is researching job prospects and salaries for accounting graduates in a local area. The research is based on a sample of 100 reported data points separated by two factors, 1) whether the job is in the accounting or finance fields or not (i.e. Pay_AF = 1 for individuals employed in the accounting or finance fields), and 2) whether the employee has a CPA/CFA certificate or not (i.e. cpa = 1 for employees with a CPA/CFA certification).
SEE IMAGE FOR FULL HOMEWORK PROBLEM
A two-way ANOVA analysis of the salaries data returned the following results.
- What is the average salary for all employees in the sample?
- What is the average salary for employees who hold a CPA/CFA license but are NOT employed in the accounting or finance fields?
- In the ANOVA results, what do the results in the Columns row indicate?
- In the ANOVA results, what do the results in the Interaction row indicate?
- Overall, what conclusion can we draw from the ANOVA?
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