One Way ANOVA in Business Statistics, How and Why we Need ANOVA

The One-Way ANOVA allows us to extend the independent samples t-test for use with three or more groups. Instead of comparing means (like a t test), we analyze the variance between and within the groups. If the ANOVA is significant, we then follow up with a post hoc test to determine what differences exist between the groups.
This lecture was recorded on Monday, September 28, 2020 at Missouri State University for QBA 337 – Applied Business Statistics


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[jenniferkwon]

Thank you Dr. Daniel. I learned so much. Very clear!