Developer of real estate is considering investing

Reference no: EM1316504

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

A real estate developer is considering investing in a shopping mall on the outskirts of Atlanta, Georgia. Three parcels of land are being evaluated. Of particular importance is the income in the area surrounding the proposed mall? A random sample of four families is selected near each proposed mall. Following are the sample results. At the .05 level of significance, can the developer conclude 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

Reference no: EM1316504

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