TITLE: Comparison of four Clothing Brands.
INTRODUCTION: Zara is a leading Spanish fashion brand that is well-known for its fast-fashion clothing and accessories. Zara entered the Indian market in 2010, and since then, it has become a popular choice among fashion-conscious Indians. Westside is a popular Indian retail brand that offers a wide range of clothing, footwear, and accessories for men, women, and children. The brand offers a mix of international and local brands, catering to a diverse range of customers. H&M, short for Hennes & Mauritz AB, is a Swedish multinational fashion brand that offers a wide range of clothing, accessories, and home decor products for men, women, and children. Zudio is a popular Indian fast-fashion retail brand that offers a wide range of trendy clothing and accessories for men, women, and children. Established in 2016, Zudio is a subsidiary of the Tata Group, one of India’s largest conglomerates.
OBJECTIVES: To compare the likeability of the clothing brands.
1) ZARA
2) WESTSIDE
3) H&M
4) ZUDIO
Test Hypothesis: H0 all are the same, H1 at least one of them is different.
DATA COLLECTION: Four clothing brands were selected for this Project: One Way ANOVA. Students of the class were requested to grade the brands out of 10 and then One Wat ANOVA was calculated.
DATA ANALYSIS:
Anova: Single Factor
SUMMARY
Groups Count Sum Average Variance
Zara 40 299 7.475 6.358333
Westside 40 292 7.3 3.548718
H&M 40 295 7.375 6.548077
Zudio 40 290 7.25 6.75641
ANOVA
Source of Variation SS df MS F P-value F crit
Between Groups 1.15 3 0.383333 0.066059 0.977801 2.662569
Within Groups 905.25 156 5.802885
Total 906.4 159
The ANOVA table shows that the “Between Groups” factor has a sum of squares (SS) of 1.15, a degree of freedom (df) of 3, and a mean square (MS) of 0.383333.
The “Within Groups” factor has an SS of 905.25 and a df of 156, resulting in an MS of 5.802885.
The F-ratio calculated by dividing the MS for the “Between Groups” factor by the MS for the “Within Groups” factor is 0.066059, which corresponds to a P-value of 0.977801.
The P-value associated with the F-ratio is 0.977801, which is greater than the conventional threshold of 0.05. This indicates that there is no significant difference between the means of the groups.
The critical F-value for this analysis, based on a significance level of 0.05 and the degrees of freedom for the “Between Groups” and “Within Groups” factors, is 2.662569. The obtained F-ratio is smaller than the critical F-value, indicating that there is no significant difference between the means of the groups.
H0 accepted.
CONCLUSION: All are the same