Identify a quantitative variable (measurement) in your business/organization that has either interval or ratio level of measurement. Further, identify at least three meaningful groups into which this measure can appropriately be divided. Obtain at least 10 observations of this variable (measurement) from each of the identified groups.
Purpose: To demonstrate the application of ANOVA in business.
EXAMPLE: A standard measure that fits these requirements might be product assembly time (time is a ratio measure); three natural groups into which this measure can be divided might be day, evening, and night shifts. You can apply ANOVA hypothesis test to see if the average assembly time for a product is different among the three shifts.
Conduct the ANOVA hypothesis test using your samples (observations for each group), discuss your findings in the main meeting forum, and provide feedback to your colleagues' examples. Do not upload your calculations or Excel output.