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Last week we discussed the one sample hypothesis test

Finance Dec 30, 2021

Last week we discussed the one sample hypothesis test. This week we will discuss ANOVA. The ANOVA allows us to test the mean between two or more groups.

For example, I have five pizza delivery areas and I want to know if the average sales per run is different in one area than any of the other areas.

H0: There is no significant difference in the sales per run between the delivery areas

H1: There is a significant difference in the sales per run between the delivery areas

Notice how the hypothesis is very simple. There is a difference or there is not a difference. Again, we will use MegaStat. You cannot calculate ANOVA by hand.

Just put your sales for each area in a column and click the Megastat menu, select analysis of variance, and highlight your data and click enter. Check you p-value. Interpret.

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