BUSINESS ADMINISTRATION
BUSINESS ANALYTICS
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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t-test / Anova
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Regression
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Correlation
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chi-square
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Detailed explanation-1: -What is this test for? The one-way analysis of variance (ANOVA) is used to determine whether there are any statistically significant differences between the means of three or more independent (unrelated) groups.
Detailed explanation-2: -What Is a T-Test? A t-test is an inferential statistic used to determine if there is a significant difference between the means of two groups and how they are related.
Detailed explanation-3: -In ANOVA, the null hypothesis is that there is no difference among group means. If any group differs significantly from the overall group mean, then the ANOVA will report a statistically significant result.
Detailed explanation-4: -The only difference between one-way and two-way ANOVA is the number of independent variables. A one-way ANOVA has one independent variable, while a two-way ANOVA has two.