Math Problem Statement
How productive are U.S. workers? One way to answer this question is to study annual profits per employee. A random sample of companies in computers (I), aerospace (II), heavy equipment (III), and broadcasting (IV) gave the following data regarding annual profits per employee (units in thousands of dollars).1 computers 27.4 2 computers 23.3 3 computers 14.3 4 computers 8.2 5 computers 11.7 6 aerospace 13.8 7 aerospace 9.7 8 aerospace 11.9 9 aerospace 8.8 10 aerospace 6.2 11 aerospace 19.4 12 heavy equipment 22.2 13 heavy equipment 20.3 14 heavy equipment 7.7 15 heavy equipment 12.6 16 heavy equipment 7.5 17 broadcasting 17.2 18 broadcasting 16.8 19 broadcasting 14.1 20 broadcasting 15.8 21 broadcasting 10.4 22 broadcasting 9.5 Find SSTOT. (Round your answer to three decimal places.) SSTOT =____.
Solution
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Math Problem Analysis
Mathematical Concepts
Statistics
Analysis of Variance (ANOVA)
Sum of Squares
Formulas
Overall mean formula: \( \bar{X} = \frac{\sum X_i}{n} \)
Total Sum of Squares (SSTOT): \( \text{SSTOT} = \sum (X_i - \bar{X})^2 \)
Theorems
Sum of Squares Theorem
ANOVA Concept
Suitable Grade Level
Undergraduate (Statistics)
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