MNM, Inc Has Three Stores Located in Three Different Areas

question 75

Essay

MNM, Inc. has three stores located in three different areas. Random samples of the sales of the three stores (in $1,000s) are shown below. $$\begin{array} { c c c } \text { Store 1 } & \text { Store 2 } & \text { Store 3 } \\88 & 76 & 85 \\84 & 78 & 67 \\88 & 60 & 55 \\82 & 58 & \\92 & &\end{array}$$ At a 5% level of significance, test to see if there is a significant difference in the average sales of the three stores. Show your complete work and the ANOVA table. (Please note that the sample sizes are not equal.)
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Definitions:

Long-term Debt

Financial obligations of a company payable over a period exceeding twelve months, often used for major investments or acquisitions.

Short-term Debt

Financial obligations that are due for repayment within one year, often used to finance immediate operational needs.

Provincial Tax Rates

The percentage of tax levied by provincial or state governments on income, property, and purchases within their jurisdiction.

Income

Money received, especially on a regular basis, for work or through investments.