Question

Total revenue was collected for three products (Product A, Product B, and Product C) across six...

Total revenue was collected for three products (Product A, Product B, and Product C) across six continents (Africa, Asia, Australia, Europe, North America, and South America).

The researcher was interested in knowing if product and continent influenced the total revenue.

What kind of statistical test should be done? (Anova, Manova, ...etc) State Hypothesis and Assumptions.

Math   Statistics-And-Probability   
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Answer #1

Anova two way should be done

There are three sets of hypothesis tests for the Two-Way ANOVA.

  1. H0: The means of each row (product) are equal
    H1: The mean of at least one row (product) is different
  2. H0: The means of each column (continents) are equal
    H1: The mean of at least one column (continents) is different
  3. H0: There is no interaction between the row (product) and column (continents)
    H1: There is interaction between the row (product) and column (continents)
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