Title: One Way ANOVA calculation of 4 Banks
Author: Nutan Balu Rasal, MMS, Batch –A, Roll No. 47
Introduction:
In this analysis 4 Banks have been taken, namely:
- HDFC BANK
HDFC Bank, headquartered in Mumbai, India, is one of the country’s largest and most prominent private sector banks. It was established in 1994 and has since become a leader in retail and corporate banking services, offering a wide range of financial products, including savings accounts, loans, credit cards, and more. HDFC Bank is known for its extensive branch and ATM network, innovative digital banking solutions, and a strong commitment to customer service.
- ICICI BANK
ICICI Bank, officially known as the Industrial Credit and Investment Corporation of India Bank, is one of India’s largest private sector banks. Established in 1994, it offers a wide range of financial services, including retail and corporate banking, wealth management, and insurance products. ICICI Bank is renowned for its extensive branch and ATM network, providing convenient access to customers across India and other countries.
- KOTAK BANK
Kotak Mahindra Bank, often referred to as Kotak Bank, is one of India’s prominent private sector banks. Established in 1985, it offers a wide range of financial services, including banking, investment, and insurance. With a strong presence in India and overseas, Kotak Bank is known for its customer-centric approach and innovative financial solutions.
- AXIS BANK
Axis Bank is one of India’s prominent private sector banks, offering a wide range of financial services. Established in 1993, it has grown to become a major player in the banking industry, providing services such as retail banking, corporate banking, and wealth management.
Objective: To Compare 4 Banks 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 Banks is different.
|
Source of Variation |
SS |
df |
MS |
F |
P-value |
F crit |
|
Between Groups |
12.3 |
3 |
4.1 |
0.586645 |
0.627688 |
2.866266 |
|
Within Groups |
251.6 |
36 |
6.988889 |
|||
|
Total |
263.9 |
39 |
|
|
|
|
Result: Table F=0.05, 3 DF, 76 DF = 2.87
As Calculated F = 0.59 is less than tabulated F= 2.87, accept H0, reject H1, which means all the banks are same (A=B=C=D).