Developer of real estate is considering investing

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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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