A real estate developer is considering investing in a shopping mall on the outskirts of Atlanta, GA.
Question: A real estate developer is considering investing in a shopping mall on the outskirts of Atlanta, GA. 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 significance level, can the developer conclude there is difference in the mean income? Use the usual five-step hypothesis testing procedure.
Southwyck Area($000) Franklin Park($000) Old Orchard($000)
64 74 7568 71 80
70 69 76
60 70 78
Price: $2.99
Solution: The solution file consists of 3 pages
Deliverable: Word Document
Deliverable: Word Document