Step 1: Hypothesis Formulation 𝐻0: 𝜇1 = 𝜇2 = 𝜇3 = 𝜇4 𝐻1: At least one mean number of Debt is different from the others (claim). Step 2 and 3: JASP Output ANOVA - V14734 Cases Sum of Squares df Mean Square New York 5.654e +7 3 1.885e +7 Residuals 5.459e +7 15 3.640e +6 F p 5.179 0.012 η² 0.509 Note. Type III Sum of Squares Descriptives - V14734 New York Mean SD N California 14275.200 821.006 5 New York 14309.750 1430.652 4 Pennsylvania 18327.000 2415.376 5 Virginia 14668.200 2367.532 5 Step 4: Decision P-value < 0.05 Step 5: Conclusion There is enough evidence that at least one mean is different from the others. At the 0.05 level of significance, it can be concluded that there is a significant difference in the average number of debt.