Chapter 11, Problem 8PS

The more costly and time-consuming it is to export and import, the more difficult it is for local companies to be competitive and to reach international markets. As part of an initial investigation exploring foreign market entry, 10 countries were selected from each of four global regions. The cost associated with compliance of the economy’s customer regulations to import a shipment in these countries (in US $\text{\$}$ ), is stored in ForeignMarket2.

a. At the 0.05 level of significance, is there evidence of a difference in the mean cost of importing across the four global regions?

b. If appropriate, determine which global regions differ in mean cost of importing?

c. At the 0.05 level of significations, is there evidence of a difference in the variation in cost of importing among the four global regions?

d. Which global regions (S) Should you consider for foreign market entry? Explain: