suppose you own a chain of five restaurants in downtown Vancouver. as the manager, you want...
suppose you own a chain of five restaurants in downtown Vancouver. as the manager, you want to see if the mean daily revenue of these different branches are the same. how do you perform two comparison about what is learned in the course. what test would you use? and what data you need to collect?.
Homework Answers
To test whether the mean daily revenue of all branches is same, we can use the Analysis of Variance Test(ANOVA) and then to perform two comparisons one can use any post hoc test such as Tukey's HSD or Fisher's LSD
The data that is needed will be the daily revenue of few randomly selected days from each branch.
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