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    Tutorial 5

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    Robert Oo
    The document discusses using analysis of variance (ANOVA) to analyze data from four different studies. The first study looks at decision making times for high, medium, and low performing firms. The second examines relief times for three different pain medication formulas. The third analyzes relief times for three different arthritis medication. The fourth considers yogurt sales data for three flavors over five weeks.

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    Tutorial 5

    Uploaded by

    Robert Oo
    19 views2 pages
    The document discusses using analysis of variance (ANOVA) to analyze data from four different studies. The first study looks at decision making times for high, medium, and low performing firms. The second examines relief times for three different pain medication formulas. The third analyzes relief times for three different arthritis medication. The fourth considers yogurt sales data for three flavors over five weeks.

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    The document discusses using analysis of variance (ANOVA) to analyze data from four different studies. The first study looks at decision making times for high, medium, and low performing firms. The second examines relief times for three different pain medication formulas. The third analyzes relief times for three different arthritis medication. The fourth considers yogurt sales data for three flavors over five weeks.

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    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    19 views2 pages

    Tutorial 5

    Uploaded by

    Robert Oo
    The document discusses using analysis of variance (ANOVA) to analyze data from four different studies. The first study looks at decision making times for high, medium, and low performing firms. The second examines relief times for three different pain medication formulas. The third analyzes relief times for three different arthritis medication. The fourth considers yogurt sales data for three flavors over five weeks.

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    BQA1014 Quantitative Analysis Models for Business TRI 2 2022/2023

    Tutorial 5: Analysis of Variance (ANOVA)


    1. Research has shown that in the fast-paced world of electronics, the key factor that
    separates the winners from the losers is actually how slow a firm is in making
    decisions: The most successful firms take longer to arrive at strategic decisions
    on product development, adopting new technologies, or developing new products.
    The summary of the number of months to arrive at a decision for firms ranked
    high, medium, and low in terms of performance are shown below.
    SUMMARY
    Groups Count Sum Average Variance
    High 15 90.3 6.02 4.763143
    Medium 14 69 4.928571 3.456044
    Low 14 35.8 2.557143 2.491868

    ANOVA
    Source of
    Variation SS df MS F
    Between Groups 2
    Within Groups
    Total 234.0205 42

    a. Complete the ANOVA table.


    b. Assumed that populations have equal variances and are normally distributed,
    is there evidence of a different in the average decision making time among the
    firms with various performance at the 5% significance level?

    2. The chemists from a local pharmaceutical manufacturer have been researching


    new formulas to provide quicker relief of minor pains. They have produced three
    different formulas, which they wanted to test. Fifteen people who complained of
    minor pains were recruited for an experiment. Each was asked to take the
    medicine and report the length of time until some relief was felt. The results have
    been collected and analysed as below.

    Table 1: ANOVA table


    Source of Sum of Squares df Mean Square F
    Variation
    Between Groups 27.7333 * ** ***
    Within Groups 45.6 * **
    Total 73.3333 14

    (i) Complete the ANOVA table given above.


    (ii) Test at the 5% significance level to check whether there is significant
    difference in the time of relief exist among the three formulas.

    1
    BQA1014 Quantitative Analysis Models for Business TRI 2 2022/2023

    3. A pharmaceutical manufacturer has been researching new medications formulas


    to provide quicker relief of arthritis pain. Their laboratories have produced three
    different medications and they want to determine if the different medications
    produce different responses. Eighteen people who complained of arthritis pains
    were recruited for an experiment; six were randomly assigned to each medication.
    Each person was asked to take the medicine and report the length of time until
    some relief was felt (minutes). The summary of the results are shown below.
    (Assume normal distributions with equal variances.)

    SUMMARY
    Groups Count Sum Average
    Medication 1 6 42 7
    Medication 2 6 27 4.5
    Medication 3 6 39 6.5

    ANOVA
    Source of Variation SS df MS F
    Between Groups 2
    Within Groups
    Total 56 17

    i. Complete the ANOVA table.


    ii. Do these data provide sufficient evidence to indicate that differences in the
    average time of relief exist among the three medications? Use  = 0.10.

    4. Management of the refrigerator space in a grocery store requires knowledge of the


    average amount of items sold. The store manager wishes to determine whether to
    allocate the same shelf space for the three flavors of yogurt that sold, which are
    apple, peach, and lemon. The sales data for each flavour has been recorded during
    the selected five randomly weeks.

    Source of Variation Sum of df Mean Square F


    Squares
    Treatments 863.333 2 431.667 ***

    Error 941.600 12 78.467

    Total 1804.933 14
    (i) What is your conclusion if the level of significance is 0.05?
    (ii) What is your conclusion if the level of significance changes to 0.01?

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