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, 9 countries were selected from each of four global regions. The cost associated with importing a standardized cargo of goods by sea transport in these countries (in US$ per container) is stored in the accompanying data table. Complete parts (a) through (d). East Asia & Pacific Eastern Europe & Central Asia Latin America & Caribbean Middle East & North Africa 240 77 1200 466 777 335 688 397 266 396 970 554 383 83 290 644 580 150 545 181 220 306 420 646 389 1125 450 695 233 655 583 754 392 100 1500 779 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? Determine the p-value. d. Which global region(s) should you consider for foreign market entry? Explain.
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, 9 countries were selected from each of four global regions. The cost associated with importing a standardized cargo of goods by sea transport in these countries (in US$ per container) is stored in the accompanying data table. Complete parts (a) through (d).
East Asia & Pacific Eastern Europe & Central Asia Latin America & Caribbean Middle East & North Africa
240 77 1200 466
777 335 688 397
266 396 970 554
383 83 290 644
580 150 545 181
220 306 420 646
389 1125 450 695
233 655 583 754
392 100 1500 779
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? |
Determine the p-value.
d. Which global region(s) should you consider for foreign market entry? Explain.
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