Title: One Way ANOVA calculation of 4 Watch Companies
Author: Panay Purushottam Iswalkar, MMS, Batch-B, Roll No. 80
Introduction:
In this analysis 4 Watch companies have been taken, namely:
Titan Company Limited is a renowned Indian watchmaker and lifestyle brand that has garnered global recognition for its exquisite timepieces. Established in 1984 as a subsidiary of the Tata Group, Titan has consistently delivered innovative and stylish watches, becoming a symbol of elegance and precision in the horology industry. With a commitment to quality and design, Titan has expanded its product range to include jewelry, eyewear, and accessories, making it a trusted choice for those seeking timeless craftsmanship and contemporary aesthetics.
Rolex is a prestigious Swiss luxury watchmaker renowned for its timeless elegance and precision craftsmanship. Founded in 1905 by Hans Wilsdorf and Alfred Davis, Rolex has consistently set the standard for fine watchmaking, producing iconic timepieces like the Rolex Submariner and Rolex Daytona. With a rich history of innovation and a commitment to excellence, Rolex remains a symbol of prestige and status in the world of horology.
Omega is a renowned Swiss luxury watchmaker with a storied history dating back to 1848. Known for its precision, innovation, and timeless design, Omega has earned a place of distinction in the world of horology. It is celebrated for producing iconic timepieces like the Speed master, worn by astronauts on the moon, and the Sea master, famously associated with James Bond. With a commitment to excellence, Omega continues to be a symbol of elegance and precision in the watchmaking industry.
Fossil is a renowned American watch and lifestyle brand that was founded in 1984. Known for its stylish and innovative timepieces, Fossil has become a global leader in the fashion watch industry. The company combines classic design with modern technology, offering a wide range of watches that cater to diverse tastes and preferences, making it a popular choice among fashion-conscious consumers worldwide.
Objective: To compare 4 Watch companies by the way of One way ANOVA.
Data Collection: Students of our batch were requested to grade the following Watch companies on the scale of 1-10 and one way ANOVA was calculated.
Data Analysis:
Hypothesis:
H0: All watch companies are equal (A=B=C=D)
H1: Any one of Watch Company is different.
|
Source of Variation |
SS |
df |
MS |
F |
|
Between Groups |
20.2 |
3 |
6.7333 |
|
|
Within Groups |
647.8 |
76 |
8.5237 |
|
|
Total |
668 |
79 |
|
0.79 |
Result: Table F=0.05, 3 DF, 76 DF = 2.719
As calculated F = 0.79 is less than tabulated F = 2.719, accept H0, reject H1, which means all watchcompanies are equal.