Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

3- The following data represent business startup costs (in thousands of dollars) for different types of businesses. Is there a significant difference between business startup

3-The following data represent business startup costs (in thousands of dollars) for different types of businesses.
Is there a significant difference between business startup costs and type of businesses. Examine at 1 % level of significance.
Based on descritive statistics, which business you would chose and why?
Also, analyse which business is more consistent in term of business start-up cost.

Start-up costs for pizza start-up costs for donuts startup costs for shoe stores startup costs for gift shops startup costs for pet stores
80 150 48 100 25
125 40 35 96 80
35 120 95 35 30
58 75 45 99 35
110 160 75 75 30
140 60 115 150 28
97 45 42 45 20
50 100 78 100 75
65 86 65 120 48
79 87 125 50 20
35 90 50
85 75
120 55
60
85

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Personal Finance

Authors: E. Thomas Garman, Raymond Forgue

9th Edition

0618938737, 978-0618938735

More Books

Students also viewed these Finance questions