Title: One Way ANOVA calculation of 4 FMCG Companies.
Author: Amit Surendra Singh, MMS, Batch A Roll No. 56
Introduction:
In this analysis 4 FMCG Companies have been taken, namely:
1. ITC
ITC Limited, a conglomerate headquartered in India, stands as a beacon of innovation and enterprise in the corporate landscape. Founded in 1910, ITC has evolved into a diversified company with a global presence, excelling in various sectors such as fast-moving consumer goods (FMCG), hotels, agriculture, and information technology. Guided by its commitment to sustainability and responsible business practices, ITC has not only achieved remarkable business growth but has also become a model for blending economic progress with social and environmental responsibilities.
2. Nestle
Nestlé, a leading global food and beverage company, has a rich history of providing quality products that enhance lives. With a focus on innovation and sustainability, Nestlé remains a cornerstone of modern nutrition and well-being.
3. Mondelez
Mondelez International, a global powerhouse in snacking, brings joy to countless individuals worldwide through its iconic brands and innovative treats.
4. Dabur
Dabur, established in 1884 by Dr. S.K. Burman, is a renowned name in consumer goods and healthcare. Rooted in Ayurveda, Dabur has grown into a global leader, offering natural and holistic products for personal care and well-being. Its legacy of quality and authenticity has earned Dabur a trusted place in households worldwide.
Objective: To Compare 4 FMCG Companies by the way of One Way ANOVA.
Data Collection: Students of our Batch were requested to grade the following FMCG Companies on the scale of 1-10 and One-way ANOVA was calculated.
Data Analysis:
Hypothesis:
H0: All FMCG Companies are equal (A=B=C=D)
H1: Any one of FMCG Companies is different.
Source of Variation
SS
df
MS
F
P-value
F crit
Between Groups
19.9
3
6.633333
0.778825
0.509406
2.724944
Within Groups
647.3
76
8.517105
Total
667.2
79
Result: Table F=0.05, 3 DF, 76 DF = 2.72
As Calculated F = 0.78 is less than tabulated F= 2.72, reject H1, accept H0, which means all FMCG companies are equal.