Title: One Way ANOVA calculation of 4 Banks .
Author: Abhijeet Ananda Tikudave , MMS, Batch A Roll No. 62
Introduction:
In this analysis 4 Bank have been taken, namely:
- Axis Bank
Axis Bank is one of India’s prominent private sector banks, founded in 1993 as UTI Bank and later rebranded as Axis Bank in 2007. It offers a comprehensive range of banking and financial services, including personal and business banking, loans, credit cards, wealth management, insurance, and investment services. The bank is known for its extensive branch and ATM network across India and a strong commitment to technological innovation. Axis Bank has received recognition for its financial performance and customer service and is a significant player in the Indian banking sector.
- Kotak Bank
Kotak Mahindra Bank, commonly known as Kotak Bank, is one of India’s leading private sector banks. Founded in 2003, it is a part of the Kotak Mahindra Group, a diversified financial services conglomerate. Kotak Bank offers a wide range of financial products and services, including savings and current accounts, loans, credit cards, wealth management, and investment services. It is known for its customer-centric approach, innovative banking solutions, and growing presence in the Indian banking industry.
- Bank Of India
Founded in 1906, Bank of India is one of India’s oldest and most respected public sector banks. With a rich history and a strong national and international presence, BOI offers a wide range of banking and financial services, including loans, savings accounts, credit cards, and international banking solutions. As a key player in India’s banking sector, BOI is committed to financial stability and social responsibility, contributing to the nation’s economic growth and development.
- Hdfc Bank
HDFC Bank is one of India’s largest private sector banks and is renowned for its extensive network and innovative banking services. Established in 1994, it has become a prominent player in the Indian banking industry. HDFC Bank offers a comprehensive range of financial products and services, including savings and current accounts, loans, credit cards, wealth management, and digital banking solutions. Known for its customer-centric approach and technological advancements, HDFC Bank has earned a strong reputation for financial stability and excellence in customer service.
Objective: To Compare 4 Bank by the way of One Way ANOVA.
Data Collection: Students of our Batch were requested to grade the following Banks on the scale of 1-10 and One-way ANOVA was calculated.
Data Analysis:
Hypothesis:
H0: All Banks are equal (A=B=C=D)
H1: Any one of the Bank is different.
|
Source of Variation |
SS |
df |
MS |
F |
P-value |
F crit |
|
Between Groups |
17.5375 |
3 |
5.845833 |
0.814676 |
0.489691 |
2.724944 |
|
Within Groups |
545.35 |
76 |
7.175658 |
|||
|
Total |
562.8875 |
79 |
|
|
|
|
Result: Table F=0.05, 3 DF, 76 DF = 2.72
As Calculated F = 0.81 is less than the tabulated F= 2.72, accept H0, reject H1, which means all banks are same.