Title : One Way ANOVA calculation of 4 Businessmen.
Author: Rohan Kailas Gosavi, MMS, Batch B Roll No. 76, Kohinoor Business School.
Introduction:
In this analysis 4 businessmen have been taken, namely:
- Peyush Bansal
Peyush Bansal is an Indian entrepreneur, business executive and an angel investor. He is the co-founder and CEO of Lenskart, an Indian multinational optical prescription eyewear retail chain, based in Gurugram.
- Aman Gupta
Aman Gupta is a popular businessman, who is co-founder and Chief Marketing Officer (CMO) of BOAT Company but before existence the founder of BOAT Aman Gupta was the director of sales in Harman International Company.
- Ashneer Grover
Indian businessman Ashneer Grover is the former co-founder and managing director (MD) of the Indian fintech company BharatPe which he co-founded along with Shashvat Nakrani and Bhavik Koladiya in 2018.
- Anupam Mittal
Anupam Mittal is an Indian entrepreneur, business executive and angel investor. He is the founder and CEO of People Group. He is the founder of Shaadi.com.
Objective: To Compare 4 businessmen by the way of One Way ANOVA.
Data Collection: Students of our Batch were requested to grade the following businessmen on the scale of 1-10 and One way ANOVA was calculated.
Data Analysis:
Hypothesis:
H0: All businessmen are equal (A=B=C=D)
H1: Any one of businessmen is different.
|
Source of Variance |
SS |
DF |
MSS |
F |
|
Between Groups |
21.637 |
3 |
7.2125 |
|
|
Within Groups |
176.550 |
76 |
2.3230 |
|
|
Total |
198.188 |
79 |
|
3.1047 |
Result: Table F=0.05, 3 DF, 76 DF = 2.73
As Calculated F = 3.1047 is more than tabulated F= 2.73, accept H1, reject H0, which means any one of businessmen is different.