Question No. 03: A real estate developer is considering investing in a shopping mall on the outskirts of Atlanta, Georgia. 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 a difference in the mean income? Use the usual six-step hypothesis testing procedure. Southwyck Area ($000) Franklin Park Old Orchard ($00) ($000) 64 74 75 68 71 80 70 69 76 60 70 78

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Question No. 03: A real estate developer is considering investing in a shopping mall on the
outskirts of Atlanta, Georgia. 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 a difference in the mean income? Use the usual six-step
hypothesis testing procedure.
Southwyck Area
($000)
TTT
Franklin Park
Old Orchard
($000)
($000)
64
74
75
68
71
80
70
69
76
60
70
78
Transcribed Image Text:Question No. 03: A real estate developer is considering investing in a shopping mall on the outskirts of Atlanta, Georgia. 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 a difference in the mean income? Use the usual six-step hypothesis testing procedure. Southwyck Area ($000) TTT Franklin Park Old Orchard ($000) ($000) 64 74 75 68 71 80 70 69 76 60 70 78
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