That the starting salaries of new accounting graduates would differ according to             geographic regions of the United States seems logical. A random selection of accounting firms is taken from three geographic             regions, and each is asked to state the starting salary             for a new accounting graduate who is going to work in         auditing. The data obtained             follow. Use a one-way ANOVA to analyze these data. Note that the data can be        restated to make the computations more reasonable (example: $42,500 = 4.25). Use a 1%    level of significance. Discuss the business implications of your findings.

                        South                               Northeast                               West

                        $40,500                         $51,000                                    $45,500

                        41,500                         49,500                                    43,500

                        40,000                         49,000                                    45,000

                        41,000                         48,000                                    46,500

                        41,500                         49,500                                    46,000