When I want to compare the means between two groups I use a t-test. But how do I check whether the means of three groups are equal or statistically different?
E.g. compare the average labour productivity of small, medium and large firms.
When I want to compare the means between two groups I use a t-test. But how do I check whether the means of three groups are equal or statistically different?
E.g. compare the average labour productivity of small, medium and large firms.
Check out One-way analysis of variance
In statistics, one-way analysis of variance (abbreviated one-way ANOVA) is a technique used to compare means of two or more samples (using the F distribution).