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Uploaded on
02-10-2023
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2023/2024
Family transportation costs are usually higher than most people believe because those costs include car payments, insurance, fuel costs, repairs, parking, and public transportation. We asked twenty randomly selected families in four major cities to use their records to estimate a monthly figure for transportation costs. Action: Use the following data and ANOVA to test whether there is a significant difference in monthly transportation costs for families living in these cities. Use significance level of 5%. Discuss the business implications of the findings. Atlanta New York Los Angeles Chicago $850 $450 $1050 $740 $680 $725 $900 $650 $750 $500 $1150 $875 $800 $375 $980 $750 $875 $700 $800 $80
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Institution
Walsh College
Course
QM 520
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Written for
- Institution
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Walsh College
- Course
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QM 520
Document information
- Uploaded on
- October 2, 2023
- Number of pages
- 7
- Written in
- 2023/2024
- Type
- Exam (elaborations)
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- Questions & answers
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