Title: One Way ANOVA calculation of 4 Tyre Companies.
Author: Sanghraj Narayan Bagate, MMS, Batch A Roll No. 03
Introduction:
In this analysis 4 Tyre Companies have been taken, namely:
- MRF
MRF Limited is a leading Indian tire manufacturing company headquartered in Chennai. Founded in 1946, it produces a wide range of tires for various vehicles and applications. MRF is known for its commitment to quality, innovation, and its global presence, exporting tires to over 65 countries. It is involved in motorsports and has a strong financial standing. For the latest information, please visit their official website or consult recent news sources.
- Bridgestone
Bridgestone Corporation is a major Japanese tire and rubber manufacturer with a global presence. Founded in 1931, it produces tires for various vehicles, prioritizes technology and innovation, and is involved in motorsports. Bridgestone is committed to environmental sustainability and has a strong financial position. For the latest information, please visit their official website or consult recent news sources.
- Goodyear
Goodyear is a prominent American tire manufacturer founded in 1898. They produce tires for various vehicles globally, emphasizing innovation and quality. Goodyear is involved in motorsports, focuses on sustainability, and is publicly traded on the NYSE under the symbol GT.
- Apollo
Apollo Tyres Limited is a major Indian tire manufacturer founded in 1972. They produce tires for various vehicles globally, focusing on quality and innovation. Apollo Tyres has a global presence, including manufacturing facilities in multiple countries, and is publicly traded on Indian stock exchanges.
Objective: To Compare 4 Tyre Companies by the way of One Way ANOVA.
Data Collection: Students of our Batch were requested to grade the following Tyre Companieson the scale of 1-10 and One-way ANOVA was calculated.
Data Analysis:
Hypothesis:
H0: All Tyre Companies are equal (A=B=C=D)
H1: Any one of Tyre Companies is different.
|
Source of Variation |
SS |
df |
MS |
F |
P-value |
F crit |
|
Between Groups |
10.0375 |
3 |
3.34583 |
0.45299 |
0.71594 |
2.72494 |
|
Within Groups |
561.35 |
76 |
7.38618 |
|
|
|
|
|
|
|
|
|
|
|
|
Total |
571.388 |
79 |
|
|
|
|
Result: Table F=0.05, 3 DF, 76 DF = 0.46
As Calculated F = 2.72494 is more than tabulated F= 0.46, accept H1, reject H0, which means any one of businessmen is different.