Question

The more costly and time consuming it is to export and import, the more difficult it is for local companies to be competitive and to reach international markets. As part of an initial investigation exploring foreign market entry, 10 countries were selected from each of four global regions. The data on the cost associated with importing a standardized cargo of goods by sea transport in these countries (in US$ per container) was collected.

1. Name the factor in this experiment and the number of levels of the factor.   
2. What is the response variable in this experiment?                                                               
3. Complete the ANOVA table. (Full marks will be awarded for showing the calculations).

ANOVA

Source of Variation	SS	df	MS	F	p - value
Between Groups	7854648.60	------------	---------------	--------------	0.0016
Within Groups	----------------	------------	---------------
Total	22992450.40	-------------

At the 0.05 level of significance, is there evidence of a difference in the mean cost of importing across the four global regions? (Show all steps of hypothesis testing)