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A steel company is considering the relocation of one of its manufacturing plants. The company’s executives...

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Basic Math

A steel company is considering the relocation of one of itsmanufacturing plants. The company’s executives have selected fourareas that they believe are suitable locations. However, they wantto determine if the average wages are significantly different inany of the locations, since this could have a major impact on thecost of production. A survey of hourly wages of similar workers ineach of the four areas I performed with the following results.

Hourly Wages ($)

Area 1

Area 2

Area 3

Area 4

1

11

15

13

20

2

12

16

14

16

3

11

18

15

18

4

13

17

15

17

5

10

14

12

16

a. Do the data indicate a significant difference among theaverage hourly wages in the four areas? Construct the 10 steps ofhypothesis testing using ? = 0.05 to answer the question.

b. What assumptions were mad in performing the test in part a?Do the data appear to satisfy these assumptions? Explain.

Answer & Explanation Solved by verified expert
3.8 Ratings (513 Votes)
I am using Excel to solve Part aaThe Hypotheses areNull Average hourly Wages are same in all 4locationsHo 1 2 3 4Alternate Average hourly Wages are differentin 4 locationsHo 1234To test the mean of these groups are statistically same or notwe will perform 1Way Anova and check the value of Pvalue of FtestGiven data Now Go To Data tab Select data Analysis Select one way Anova Select Group by columns and select the check boxindicating that first row    See Answer
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