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To test whether there is important difference in the mean income using ANOVA.

A real estate developer is seeing investing in a shopping mall on the outskirts of Atlanta, Georgia.  Three parcels of land are being gaged.  Of particular importance is the income in the area surrounding the proposed mall?  An arbitrary sample of four families is selected near each proposed mall.  Subsequent are the sample results.  At the .05 level of importance can the developer determine there is a difference in the mean income? 

Southwyck Area ($000s):

64

68

70

60

Franklin Park ($000s):

74

71

69

70

Old Orchard ($000s):

75

80

76

78

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M923501

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