FILE A real estate develőpěř is consi outskirts of Atlanta, Georgia. Three parcels of land are being evaluated. Of particu- lar 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 sam- ple results. At the .05 significance level, can the developer conclude there is a dif- ference in the mean income? Use the usual six-step hypothesis testing procedure. Franklin Park Old Orchard Southwyck Area ($000) ($000) ($000) 74 75 64 71 69 70 80 76 68 70 78 60

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
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Chapter10: Statistics
Section10.3: Measures Of Spread
Problem 1GP
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9. FILE A real estate developer is considering investing in a shopping mall õn the
outskirts of Atlanta, Georgia. Three parcels of land are being evaluated. Of particu-
lar 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 sam-
ple results. At the .05 significance level, can the developer conclude there is a dif-
ference in the mean income? Use the usual six-step hypothesis testing procedure.
Franklin Park
Old Orchard
Southwyck Area
($000)
($000)
($000)
74
75
64
71
80
68
69
76
70
70
78
60
Transcribed Image Text:9. FILE A real estate developer is considering investing in a shopping mall õn the outskirts of Atlanta, Georgia. Three parcels of land are being evaluated. Of particu- lar 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 sam- ple results. At the .05 significance level, can the developer conclude there is a dif- ference in the mean income? Use the usual six-step hypothesis testing procedure. Franklin Park Old Orchard Southwyck Area ($000) ($000) ($000) 74 75 64 71 80 68 69 76 70 70 78 60
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