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MNM, Inc Has Three Stores Located in Three Different Areas

question 100

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MNM, Inc. has three stores located in three different areas. Random samples of the daily sales of the three stores (in $1,000s) are shown below.  Store 1  Store 2  Store 3 91068117710881311\begin{array} { c c c } \text { Store 1 } & \text { Store 2 } & \text { Store 3 } \\9 & 10 & 6 \\8 & 11 & 7 \\7 & 10 & 8 \\8 & 13 & 11\end{array} At a 5% level of significance, test to see if there is a significant difference in the average sales of the three stores.

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Definitions:

Federal Insurance Contribution Act

A U.S. law requiring a deduction from employees' paychecks and a contribution from employers to fund Social Security and Medicare.

Annual Wage Base

The maximum amount of income that is subject to certain taxes or benefits calculations within a calendar year.

Loss Of Income

Financial detriment resulting from an inability to work due to injury, business interruption, or other reasons, leading to a temporary or permanent lack of earnings.

Fair Labor Standards Act

The Fair Labor Standards Act (FLSA) is a U.S. law that establishes minimum wage, overtime pay eligibility, recordkeeping, and child labor standards.

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