Th e marketing manager of a Home deco company in Australia wants to determine whether outlet location has any effect on their sales. Three different outlets are considered: Location A, B and C. A and their sales during last 5 months were recorded. Assume the size of the outlet and price of the product are constant for all stores. Sales (000) Location A Location B Location C 250 150 230 270 300 200 180 300 250
Th e marketing manager of a Home deco company in Australia wants to determine whether outlet location has any effect on their sales. Three different outlets are considered: Location A, B and C. A and their sales during last 5 months were recorded. Assume the size of the outlet and price of the product are constant for all stores. Sales (000) Location A Location B Location C 250 150 230 270 300 200 180 300 250
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Question
Th
e marketing manager of a Home deco company in Australia wants to determine whether outlet location has any effect on their sales. Three different outlets are considered: Location A, B and C. A and their sales during last 5 months were recorded. Assume the size of the outlet and price of the product are constant for all stores.
Sales (000) |
||
Location A |
Location B |
Location C |
250 |
150 |
230 |
270 |
300 |
200 |
180 |
300 |
250 |
265 |
170 |
300 |
100 |
120 |
370 |
At the 5% level of significance, is there evidence of a significant difference in mean sales between the various aisle location? Use six steps process of hypothesis testing to answer the question.
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