Insurance Company Narrative
An insurance company is considering opening a new branch in Lethbridge. The company will choose the final location from two locations within the city. One of the factors in the decision is the annual family income (in thousands of dollars) of five families randomly sampled from a radius of five miles from the potential locations.
-Refer to Insurance Company Narrative. If we want to determine whether the population mean income for area 2 is higher than that for area 1, can we still use both the t and F tests applied in the previous questions? Explain.
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