Family transportation costs are usually higher than most people believe because those costs include car payments, insurance, fuel costs, repairs, parking, and public transportation. Twenty randomly selected families in four major cities are asked to use their records to estimate a monthly figure for transportation cost. Use the data obtained and ANOVA to test whether there is a significant difference in monthly transportation costs for families living in these cities. Assume that a = .05. Discuss the business implications of your findings.
|
Atlanta
|
New York
|
Los Angeles
|
Chicago
|
|
$650
|
$250
|
$850
|
$540
|
|
480
|
525
|
700
|
450
|
|
550
|
300
|
950
|
675
|
|
600
|
175
|
780
|
550
|
|
675
|
500
|
600
|
600
|