A market research firm is analysing the profits of its five largest clients in NSW, Queensland and Victoria to decide where it should prioritise its market. Use a one-way ANOVA to analyse the following data. Note that the data can be restated to make the computations easier (for example: $42 500 = 4.25). Use a 1% level of significance. Discuss the business implications of your findings.

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NSW Victoria Queensland ($ illion) ($ millon) ($ million) 15500 45 000 41 500 16500 43 500 39 500 15000 43 000 41 000 16000 42 000 42 500 16500 43 500 42 000