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Column 1 Profit What was your profit? Column 2 Advertising How much money was spent on advertising in the financial year? Column 3 Employee How

Column 1 Profit What was your profit?

Column 2 Advertising How much money was spent on advertising in the financial year?

Column 3 Employee How many employees work at your business?

Column 4 Age How old is the company (in years)?

Column 5 Type Is the business privately held, publicly traded or a franchise?

(Private = 1, Public = 2, Franchise = 3)

Column 6 Location Where is the company? (1 = Parramatta CBD, 2 = Sydney CBD)

Question 1 (7 marks)

Test, at the 5% level of significance, whether the average profit differs between businesses located in Parramatta CBD or located in Sydney CBD.

[You may assume that the unknown population standard deviations for Parramatta and Sydney businesses are equal]

99
2 3 4 5 6 7
Profit Advertising Employee Age Type Location
14458 4897 7 6.3 2 1
10226 3967 1 2.6 1 1
23114 5558 20 13.5 3 2
11380 4115 2 3.7 1 1
15805 5259 8 7.3 2 2
9841 3932 1 2.4 1 1
12150 4273 3 4.2 1 1
16189 4451 10 7.7 2 2
13689 4747 5 5.5 1 1
13496 4319 5 5.4 1 1
16189 5233 10 7.7 2 2
14266 4841 7 6 2 1
14458 4373 7 6.1 2 1
12535 4746 3 4.6 1 1
16382 5294 10 7.8 3 2
11957 4586 3 4.1 1 1
14843 4911 8 6.6 2 1
15035 4423 8 6.7 2 2
17536 5222 11 8.8 3 2
14458 4463 7 6.2 2 1
10803 3880 1 2 1 1
13689 4499 5 5.5 2 1
13881 4760 7 5.8 2 1
11573 4242 2 3.7 1 1
17921 4744 11 9.1 3 2
16766 4813 10 8.2 3 2
18690 5264 13 9.8 3 2
15997 4611 10 7.6 2 2
16189 5027 10 7.6 2 2
15035 4404 8 6.7 2 2
16766 4690 10 8.3 3 2
16959 5236 10 8.3 3 2
20229 5239 15 11.1 3 2
14650 4567 7 6.4 2 1
13881 4711 7 5.7 2 1
11188 4503 2 3.5 1 1
18882 4978 13 10 3 2
17728 5306 11 9 3 2
14650 4520 7 6.3 2 1
11188 3960 2 3.4 1 1
18305 4781 13 9.5 3 2
17151 4585 11 8.5 3 2
9649 4130 1 2 1 1
14266 4750 7 6.1 2 1
19652 5762 15 10.6 3 2
10419 3944 1 2.7 1 1
11957 4337 3 4.1 1 1
12535 4533 3 4.5 1 1
11380 4017 2 3.5 1 1
15612 4472 8 7.2 2 2
11380 3919 2 3.5 1 1
15805 4911 8 7.4 2 2
15612 4770 8 7.2 2 2
16382 4530 10 7.9 3 2
16766 5254 10 8.2 3 2
19075 5728 13 10.2 3 2
16189 4448 10 7.8 3 2
13304 4508 5 5.2 1 1
17536 5152 11 8.9 3 2
14073 4224 7 5.8 2 1
23499 5462 20 13.9 3 2
17151 4771 11 8.6 3 2
12342 4181 3 4.5 1 1
11957 4151 3 4.1 1 1
14073 4678 7 5.9 2 1
12150 4314 3 4.3 1 1
15612 4432 8 7.2 2 2
12342 4242 3 4.4 1 1
20229 4957 15 11.2 3 2
12342 4323 3 4.3 1 1

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