11.8 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 customs regulations to import a shipment in these countries (in US$), is stored in International Market 2. Source: Data extracted from doing business.org/data. Country Cambodia China Hong Kong SAR, China Indonesia Malaysia Philippines Singapore Taiwan, China Thailand Vietnam Belarus Bulgaria Cyprus Lithuania Macedonia, FYR Montenegro Romania Russian Federation Turkey Ukraine Argentina Belize Brazil Chile Colombia Costa Rica Jamaica Mexico Peru Venezuela, RB Algeria Bahrain Egypt, Arab Rep. Iraq Jordan Kuwait Region East Asia & Pacific East Asia & Pacific East Asia & Pacific East Asia & Pacific East Asia & Pacific East Asia & Pacific East Asia & Pacific East Asia & Pacific East Asia & Pacific East Asia & Pacific Eastern Europe & Central Asia Eastern Europe & Central Asia Eastern Europe & Central Asia Eastern Europe & Central Asia Eastern Europe & Central Asia Eastern Europe & Central Asia Eastern Europe & Central Asia Eastern Europe & Central Asia Eastern Europe & Central Asia Eastern Europe & Central Asia Latin American & Carribbean Latin American & Carribbean Latin American & Carribbean Latin American & Carribbean Latin American & Carribbean Latin American & Carribbean Latin American & Carribbean Latin American & Carribbean Latin American & Carribbean |Latin American & Carribbean Middle East & North Africa Middle East & North Africa Middle East & North Africa Middle East & North Africa Middle East & North Africa Middle East & North Africa Cost to export (USS per Cost to import container) 755 580 575 644 435 585 456 655 585 610 1,510 1,551 790 825 1,376 855 1,485 2,820 990 1,865 1,650 1,355 2,215 980 2.255 1,030 1,500 1,450 890 2,590 1,260 955 625 3,550 825 1,085 (USS per container) 900 615 565 660 420 660 439 720 750 600 2,315 1,626 900 980 1,380 915 1,495 2,920 1,235 2,155 2,260 1,600 2,275 965 2,830 1,020 1,560 1,780 880 2,868 1,330 995 755 3,650 1,335 1,242 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 significance, is there evidence of a difference in the variation in cost of importing among the four global regions? d. Which global region (s) should you consider for foreign market entry? Explain.