Title:- Comparison of Diving Luxury Watches.
Author:- Anuj Shelar
Introduction:- Rolex, founded in 1905 in Switzerland, is renowned for its luxury watches, known for precision, craftsmanship, and status. Titan, established in 1984 as part of the Tata Group in India, offers a wide range of watches, blending affordability and style, and has expanded with Tanishq. Fastrack, launched by Titan in 1998, is a youth-focused brand offering trendy, affordable watches and accessories. Armani, founded in 1975 by Giorgio Armani, is an Italian luxury fashion house known for its elegant and sophisticated designs, including a stylish range of watches.
Objective:- To compare these 4 items of Watches.
Data Collection:- The data is taken of 4 Luxury Watches and asked 20 friends to rate them on the scale of 10.
Data Analysis:-
|
ANOVA |
||||||
|
Source of Variation |
SS |
df |
MS |
F |
P-value |
F crit |
|
Between Groups |
23.7 |
3 |
7.9 |
0.830314 |
0.481287 |
2.724944 |
|
Within Groups |
723.1 |
76 |
9.514474 |
|
|
|
|
|
|
|
|
|
|
|
|
Total |
746.8 |
79 |
|
|
|
|
The ANOVA table shows the results of analysis. The Between Groups Source of Variation has a sum of squares (SS) of 23.7 and 3 Degree of freedom which results in a mean square (MS) of 7.9. The within groups of (SS) has 723.1 which has small f crit of 2.724944. This indicates that there is a statistically significant difference between the means of the groups.
H0= All are same
H1=anyone of them is different
The P value is 0.48 which is greater than 0.05 which means we have to accept null hypothesis with the degree of freedom (df) of 3 is 76.
Conclusion:- H0 which means all 4 watches are same.