Question: A real estate developer is considering investing in a shopping mall and is evaluating three possible plots of land for this purpose. The developer believes that local family income is a key factor in this decision. A random sample of 4 families is selected in each area with the following results. Using the 0.05 significance table can the developer conclude that there is a difference in the mean family income for these locations?

1. State the null and alternate hypotheses
2. What is the decision rule?
3. Compute SST, SSE and SS total
4. Complete the ANOVA table
5. State your decision regarding the null hypothesis.

First calculate (a) to (d) the above manually – and then run a Minitab calculation on them.

include both sets of information with your answer

Price: $2.99

Solution: The downloadable solution consists of 3 pages
Deliverable: Word Document