Discuss the business implications of your findings

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Reference no: EM131016714

Family transportation costs are usually higher than most people believe because those costs include car payments, insurance, fuel costs, repairs, parking, and public transportation. Twenty randomly selected families in four major cities are asked to use their records to estimate a monthly figure for transportation cost. Use the data obtained and ANOVA to test whether there is a significant difference in monthly transportation costs for families living in these cities. Assume that a = .05. Discuss the business implications of your findings.

Atlanta	New York	Los Angeles	Chicago
$650	$250	$850	$540
480	525	700	450
550	300	950	675
600	175	780	550
675	500	600	600

Reference no: EM131016714

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