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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 |
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