Statistics: Informed Decisions Using Data (4th Edition)

Published by Pearson
ISBN 10: 0321757270
ISBN 13: 978-0-32175-727-2

Chapter 13 - Section 13.2 - Assess Your Understanding - Applying the Concepts - Page 644: 14b

Answer

$µ_{Financial}=µ_{LG}\neµ_{Food}$ There is enough evidence to conclude that the mean P/E ratio for Food industry is higher than the mean P/E ratio for Financial and Leisure Goods industries.

Work Step by Step

In MINITAB, enter the Financial values in C1, the Food values in C2 and in C3 enter the Leisure Goods values. Select Stat -> ANOVA -> One-Way Select Response data are in a separate column for each factor level. In Responses enter C1 C2 C3 Click Comparisons. In "Error rate for comparisons" enter 5. In "Comparison procedures assuming equal variances" select Tukey. In "Results" select the 3 options. Click OK. Click Ok.
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