Which type of checking account pays interest on the mean balance of the account during a particular cycle?
2 answers:
You might be interested in
Answer:
Explained below.
Step-by-step explanation:
The data provided is for the dying time of four different types of paint.
One-way ANOVA can be used to determine whether all the four paints have the same drying time.
Use Excel to perform the one-way ANOVA.
Go to Data → Data Analysis → Anova: Single Factor
A dialog box will open.
Select the data.
Select "Grouping" as Columns.
Press OK.
The output is attached below.
The required values are as follows:
(1)
Sum of Squares of Treatment (Between Subjects):
SST = 330
(2)
Sum of Squares of Error (Within Subjects):
SSE = 692
(3)
Mean Squares Treatment (Between Subjects):
MST = 110
(4)
Mean Squares Error (Within Subjects):
MSE = 43.25
