Essay
Wrapping Colour Narrative
A firm's product can be wrapped in any of three colours: red, white, and black. The manager wants to test whether mean monthly sales (in $1000s) are the same, regardless of the colour. Viewing the past five months as a random sample, the manager collected the data shown below.
Sales History (thousands of dollars)
-Refer to Wrapping Colour Narrative. Perform the test at the 1% level of significance.
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