10.8 - It is very costly and time consuming to Import and Export. As part...
10.8 - It is very costly and time consuming to Import and Export. As part of an initial investigation exploring foreign markets entry into 10 different countries in four (4) global regions. The cost to EXPORT sea cargo in these countries is seen below:
| Country | Region | Cost to export (US$ per container) | |
| Cambodia | East Asia & Pacific | 755 | |
| China | East Asia & Pacific | 580 | |
| Hong Kong SAR, China | East Asia & Pacific | 575 | |
| Indonesia | East Asia & Pacific | 644 | |
| Malaysia | East Asia & Pacific | 435 | |
| Philippines | East Asia & Pacific | 585 | |
| Singapore | East Asia & Pacific | 456 | |
| Taiwan, China | East Asia & Pacific | 655 | |
| Thailand | East Asia & Pacific | 585 | |
| Vietnam | East Asia & Pacific | 610 | |
| Belarus | Eastern Europe & Central Asia | 1,510 | |
| Bulgaria | Eastern Europe & Central Asia | 1,551 | |
| Cyprus | Eastern Europe & Central Asia | 790 | |
| Lithuania | Eastern Europe & Central Asia | 825 | |
| Macedonia, FYR | Eastern Europe & Central Asia | 1,376 | |
| Montenegro | Eastern Europe & Central Asia | 855 | |
| Romania | Eastern Europe & Central Asia | 1,485 | |
| Russian Federation | Eastern Europe & Central Asia | 2,820 | |
| Turkey | Eastern Europe & Central Asia | 990 | |
| Ukraine | Eastern Europe & Central Asia | 1,865 | |
| Argentina | Latin American & Carribbean | 1,650 | |
| Belize | Latin American & Carribbean | 1,355 | |
| Brazil | Latin American & Carribbean | 2,215 | |
| Chile | Latin American & Carribbean | 980 | |
| Colombia | Latin American & Carribbean | 2,255 | |
| Costa Rica | Latin American & Carribbean | 1,030 | |
| Jamaica | Latin American & Carribbean | 1,500 | |
| Mexico | Latin American & Carribbean | 1,450 | |
| Peru | Latin American & Carribbean | 890 | |
| Venezuela, RB | Latin American & Carribbean | 2,590 | |
| Algeria | Middle East & North Africa | 1,260 | |
| Bahrain | Middle East & North Africa | 955 | |
| Egypt, Arab Rep. | Middle East & North Africa | 625 | |
| Iraq | Middle East & North Africa | 3,550 | |
| Jordan | Middle East & North Africa | 825 | |
| Kuwait | Middle East & North Africa | 1,085 | |
| Lebanon | Middle East & North Africa | 1,080 | |
| Qatar | Middle East & North Africa | 885 | |
| Saudi Arabia | Middle East & North Africa | 935 | |
| Syrian Arab Republic | Middle East & North Africa | 1,190 |
Is there evidence, at ? = 0.05 level of significance of a difference in the mean cost of EXPORTING across the global regions?
1 – State the Null (Ho) and Alternate (Ha) Hypothesis? Label the regions accordingly. Number of Total Values (n) and Groups (c) –
2 – LOOK and Analyze data …. Break it into Groups
3 – DETERMINE THE DEGREES OF FREEDOM (Numerator and Denominator)
4 – COMPUTE THE MEANS OF EACH GROUP AND THE MEAN OF MEANS. ( )
5 – COMPUTE THE SUM OF SQUARES (SST)
6 – COMPUTE THE SUM OF SQUARES (SSA)
7 – COMPUTE THE SUM OF SQUARES (SSW)
8 – CALCULATE THE MSA (MEAN SQUARES AMONG GROUPS)
9 – CALCULATE THE MSW (MEAN SQUARE BETWEEN GROUPS)
10 – CALCULATE THE VAUE OF THE Fstat
11 – Look at F Tables and Estimate the F critical (F?
12 – ESTIMATE THE P
13 – WHAT IS YOUR DECISION USINF P-VALUE REJECTION CRITERIA AND F STATISTICAL?
14 – DEVELOP THE F DISTRIBUTION CURVE, SHOWING REJECTION
15 – DEVELOP ANOVA TABLE
|
Source of Variation |
Sum of Squares |
Degrees of Freedom |
Mean Square |
F Statistic |
p-value |
|
|
1 |
BETWEEN GROUPS |
SSA = |
Df1 (N) = |
MSA = |
F = |
P = |
|
2 |
WITHIN GROUPS |
SSW= |
Df? (N)= |
MSW= |
||
|
3 |
Total |
SST = |
Df (Tot) = |
16 – POST THE COMPUTER (EXCEL) SOLUTION
Show work please. We are supposed to do each step by hand.
Homework Answers
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10.8 - It is
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