It is very costly and time consuming to Import and Export. As part of an initial

Question

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:

               Is there evidence, at ? = 0.05 level of significance of a difference in the mean cost of EXPORTING across the global regions?

1. . Compute the means on each group and the mean of means

2. Compute the sum of squares (SST)

3. Compute the sum of squares (SSA)

4. Compute the SSW

Country

Country

Region Cost to export (US$ per container) Cost to import (US$ per container) Cambodia East Asia & Pacific 755 900 China East Asia & Pacific 580 615 Hong Kong SAR, China East Asia & Pacific 575 565 Indonesia East Asia & Pacific 644 660 Malaysia East Asia & Pacific 435 420 Philippines East Asia & Pacific 585 660 Singapore East Asia & Pacific 456 439 Taiwan, China East Asia & Pacific 655 720 Thailand East Asia & Pacific 585 750 Vietnam East Asia & Pacific 610 600 Belarus Eastern Europe & Central Asia 1,510 2,315 Bulgaria Eastern Europe & Central Asia 1,551 1,626 Cyprus Eastern Europe & Central Asia 790 900 Lithuania Eastern Europe & Central Asia 825 980 Macedonia, FYR Eastern Europe & Central Asia 1,376 1,380 Montenegro Eastern Europe & Central Asia 855 915 Romania Eastern Europe & Central Asia 1,485 1,495 Russian Federation Eastern Europe & Central Asia 2,820 2,920 Turkey Eastern Europe & Central Asia 990 1,235 Ukraine Eastern Europe & Central Asia 1,865 2,155 Argentina Latin American & Carribbean 1,650 2,260 Belize Latin American & Carribbean 1,355 1,600 Brazil Latin American & Carribbean 2,215 2,275 Chile Latin American & Carribbean 980 965 Colombia Latin American & Carribbean 2,255 2,830 Costa Rica Latin American & Carribbean 1,030 1,020 Jamaica Latin American & Carribbean 1,500 1,560 Mexico Latin American & Carribbean 1,450 1,780 Peru Latin American & Carribbean 890 880 Venezuela, RB Latin American & Carribbean 2,590 2,868 Algeria Middle East & North Africa 1,260 1,330 Bahrain Middle East & North Africa 955 995 Egypt, Arab Rep. Middle East & North Africa 625 755 Iraq Middle East & North Africa 3,550 3,650 Jordan Middle East & North Africa 825 1,335 Kuwait Middle East & North Africa 1,085 1,242 Lebanon Middle East & North Africa 1,080 1,365 Qatar Middle East & North Africa 885 1,033 Saudi Arabia Middle East & North Africa 935 1,054 Syrian Arab Republic Middle East & North Africa 1,190 1,625

Explanation / Answer

data is:

solution1:

solution2:

2. Compute the sum of squares (SST)

=

18573236

3.

SSA=

5719034

4. Compute the SSW

Anova table is:

F=

5.338986

p=

0.0038

p<0.05

Reject Null hypothesi

Accept alternatve hYpothesis

We can conclude taht there exists significant differnce means

East Asia & Pacific Eastern Europe & Central Asia Latin American & Carribbean Middle East & North Africa 755 1,510 1,650 1,260 580 1,551 1,355 955 575 790 2,215 625 644 825 980 3,550 435 1,376 2,255 825 585 855 1,030 1,085 456 1,485 1,500 1,080 655 2,820 1,450 885 585 990 890 935 610 1,865 2,590 1,190

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