01:22:15 A real-estate agent conducted an experiment to test the effect of selling a staged home vs. selling an empty Let u = the true mean selling price of all empty homes and u, = the true mean selling price of all staged homes. What are the appropriate hypotheses? home. To do so, the agent obtained a list of 10 comparable homes just listed for sale that were currently empty. He randomly assigned 5 of the homes to be "staged," meaning they were filled with nice Ho: H1 - H2 = 0, Hg: Hi - Hz <0 Họ: H4 - H2 =0, Hai p - H2>0 furniture and decorated. The owners of the 5 homes all Họ: 81 – 82 = 0, Hgi 81- 82 < 0 agreed to have their homes staged by professional decorators. The other 5 homes remained empty. The Họ: X1 – 82 = 0, Ha: X1 – 82 > 0 hypothesis is that empty homes are not as appealing to buyers as staged homes and, therefore, sell for lower prices than staged homes. The mean selling price of the 5 empty homes was $150,000 with a standard deviation of $22,000. The mean selling price of the 5 staged homes was $175,000 with a standard deviation of 35,000. A dotplot of each sample shows no strong skewness and no outliers. Submit Next Save and Exit Mark this and return

MATLAB: An Introduction with Applications
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Author:Amos Gilat
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01:22:15
A real-estate agent conducted an experiment to test
the effect of selling a staged home vs. selling an empty
Let µ = the true mean selling price of all empty homes
and u, = the true mean selling price of all staged
homes. What are the appropriate hypotheses?
home. To do so, the agent obtained a list of 10
comparable homes just listed for sale that were
currently empty. He randomly assigned 5 of the homes
to be "staged," meaning they were filled with nice
Ho: Hi - Hz =0, Hg: Hi - Hz < O
Họ: H4 - H2 =0, Hai µ1 - Hz>0
furniture and decorated. The owners of the 5 homes all
Họ: 81 – 82 = 0, Hgi 81- 82 < 0
agreed to have their homes staged by professional
decorators. The other 5 homes remained empty. The
Họ: X1 – 82 = 0, Ha: X1 – 82 > 0
hypothesis is that empty homes are not as appealing
to buyers as staged homes and, therefore, sell for
lower prices than staged homes. The mean selling
price of the 5 empty homes was $150,000 with a
standard deviation of $22,000. The mean selling price
of the 5 staged homes was $175,000 with a standard
deviation of 35,000. A dotplot of each sample shows
no strong skewness and no outliers.
Submit
Next
Save and Exit
Mark this and return
Transcribed Image Text:01:22:15 A real-estate agent conducted an experiment to test the effect of selling a staged home vs. selling an empty Let µ = the true mean selling price of all empty homes and u, = the true mean selling price of all staged homes. What are the appropriate hypotheses? home. To do so, the agent obtained a list of 10 comparable homes just listed for sale that were currently empty. He randomly assigned 5 of the homes to be "staged," meaning they were filled with nice Ho: Hi - Hz =0, Hg: Hi - Hz < O Họ: H4 - H2 =0, Hai µ1 - Hz>0 furniture and decorated. The owners of the 5 homes all Họ: 81 – 82 = 0, Hgi 81- 82 < 0 agreed to have their homes staged by professional decorators. The other 5 homes remained empty. The Họ: X1 – 82 = 0, Ha: X1 – 82 > 0 hypothesis is that empty homes are not as appealing to buyers as staged homes and, therefore, sell for lower prices than staged homes. The mean selling price of the 5 empty homes was $150,000 with a standard deviation of $22,000. The mean selling price of the 5 staged homes was $175,000 with a standard deviation of 35,000. A dotplot of each sample shows no strong skewness and no outliers. Submit Next Save and Exit Mark this and return
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