Question
Question 2 (10 marks) The marketing manager of a Home deco company in Australia wants to determine whether outlet location has any effect on their
Question 2 (10 marks)
The 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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