Five-step hypothesis testing procedure

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Reference no: EM1398083

Please answer the question below. Please submit your solution as an Excel attachment and be sure to show ALL calculations that you use to prepare the ANOVA table.

A real estate developer is considering investing in a shopping mall on the outskirts of Atlanta, Georgia. Three parcels of land are being evaluated. A random sample of four families is selected near each proposed mall. Following are the sample results. At the .05 significance level, can the developer conclude there is a difference in the mean income? Use the five-step hypothesis testing procedure.

Southwyck Are Franklin Park Old Orchard

($000) ($000) ($000)

64 74 75

68 71 80

70 69 76

60 70 78

Reference no: EM1398083

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