I am having a difficult time interpreting and explaining the ANOVA. The categories of data are as follows: total population, age group of 25-34 years, unemployment rate, and household income between $100,000 - $149,999. The assignment is to chose between the three states listed, and pick which one is a better state to open an investment firm.
ANOVA FOR ALL 3 STATES (2) One factor ANOVA MeannStd. Dev 7200818.46666666628,803,241.00 39,743,260.881 Estimate; TOTAL NUMBER OF RACES REPORTED - Total population 7200818.46666666614.63 30.231 Estimate; SEX AND AGE - 25 to 34 years 7200818.4666666664.07 30.551 Estimate; EMPLOYMENT STATUS - Population 16 years and over - In labor force - Civilian labor force - Unemployed 7200818.46666666614.17 30.971 Households; Estimate; $100,000 to $149,999 7,200,818.47 1213,673,201.735 Total ANOVA table SourceSS dfMSF p-value Treatment1,866,658,637,234,880.000 3622,219,545,744,962.0000 26.22.0002 Error189,862,265,201,561.000 823,732,783,150,195.2000 Total2,056,520,902,436,450.000 11 Post hoc analysis p-values for pairwise t-tests Estimate; EMPLOYMENT STATUS - Population 16 years and over - In labor force - Civilian labor force - UnemployedHouseholds; Estimate; $100,000 to $149,999Estimate; SEX AND AGE - 25 to 34 yearsEstimate; TOTAL NUMBER OF RACES REPORTED - Total population 4.07 14.17 14.63 28,803,241.00 Estimate; EMPLOYMENT STATUS - Population 16 years and over - In labor force - Civilian labor force - Unemployed4.07 Households; Estimate; $100,000 to $149,99914.17 1.0000 Estimate; SEX AND AGE - 25 to 34 years14.63 1.00001.0000 Estimate; TOTAL NUMBER OF RACES REPORTED - Total population28,803,241.00 .0001.0001.0001 Tukey simultaneous comparison t-values (d.f. = 8) Estimate; EMPLOYMENT STATUS - Population 16 years and over - In labor force - Civilian labor force - UnemployedHouseholds; Estimate; $100,000 to $149,999Estimate; SEX AND AGE - 25 to 34 yearsEstimate; TOTAL NUMBER OF RACES REPORTED - Total population 4.07 14.17 14.63 28,803,241.00 Estimate; EMPLOYMENT STATUS - Population 16 years and over - In labor force - Civilian labor force - Unemployed4.07 Households; Estimate; $100,000 to $149,99914.17 0.00 Estimate; SEX AND AGE - 25 to 34 years14.63 0.00 0.00 Estimate; TOTAL NUMBER OF RACES REPORTED - Total population28,803,241.00 7.24 7.24 7.24 critical values for experimentwise error rate: 0.053.20 0.014.38 Comparison of Groups Estimate; TOTAL NUMBER OF RACES REPORTED - Total populationEstimate; SEX AND AGE - 25 to 34 yearsEstimate; EMPLOYMENT STATUS - Population 16 years and over - In labor force - Civilian labor force - UnemployedHouseholds; Estimate; $100,000 to $149,9993914481814.94.5999999999999996152746911414.53.513.11979579114.54.099999999999999614.42880324114.6333333333333334.066666666666666414.1666666666666667200818.46666666597200818.46666666597200818.46666666597200818.4666666659 Sheet1 GEO.display-labelEST_VC03EST_VC19EST_VC243HC01_EST_VC09 GeographyEstimate; TOTAL NUMBER OF RACES REPORTED - Total populationEstimate; SEX AND AGE - 25 to 34 yearsEstimate; EMPLOYMENT STATUS - Population 16 years and over - In labor force - Civilian labor force - UnemployedHouseholds; Estimate; $100,000 to $149,999 California3914481814.94.615 Texas2746911414.53.513.1 New York1979579114.54.114.4 California 5832577.8821800661.6285871722.7 Texas3983021.53961418.993598453.934 New York2870389.695811627.4312791206.531