1. In some ways, ANOVA is like what communications engineers refer to as "signal-to-noise ratio". What could I possibly mean by that statement? Hint: consider what the ANOVA F statistic means when it has a value of exactly 1.Can you think of any situations where you might use ANOVA at your job or in any other business context?
2. By now, you should have read about nonparametric tests. Can you think of any business applications for the Chi-Square test?