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A Local Consumer Reporter Wants to Compare the Average Costs

question 45

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A local consumer reporter wants to compare the average costs of grocery items purchased at three different supermarkets, A, B, and C. Prices (in dollars) were recorded for a sample of 60 randomly
Selected grocery items at each of the three supermarkets. In order to reduce item-to-item variation,
The prices were recorded for each item on the same day at each supermarket. The results of a Bonferroni analysis are summarized below.
 Supermarket  A  B C Mean Price 1.6651.9191.925\begin{array} { l c c c } \text { Supermarket } & \text { A } & \overline { \text { B } } & \mathrm { C } \\ \text { Mean Price } & 1.665 & 1.919 & 1.925 \end{array}
Interpret the Bonferroni analysis results.


Definitions:

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Profitability or loss incurred from an investment within a fixed period, quantified as a percentage of the investment's buying cost.

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