According to studies, a business school graduate with a college diploma or undergraduate degree earn

According to studies, a business school graduate with a college diploma or undergraduate degree earns more than a high school graduate with no additional education, and a person with a master's or doctorate earns even more. To test this, a random sample of 25 executives from companies with assets over $1 million was selected and the results shown in the table below. Test, at the 0.5 level of significance using the ANOVA table, that there is no difference in the arithmetic means salaries of the three groups. What is the p – value associated with the test statistic? Does it agree with your test result?

 

 

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