Answered: 40) Two real estate companies, Century…

Name: 40) Two real estate companies, Century 21 and RE/MAX, compete with one
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Description: 40) Two real estate companies, Century 21 and RE/MAX, compete with one another in a local market. The manager of the Century 21 office would like to advertise that homes listed with RE/MAX average more than 10 days on the market when compared to home

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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40) Two real estate companies, Century 21 and RE/MAX, compete with one another in a local market. The manager of the Century 21 office would like to advertise that homes listed with RE/MAX average more than 10 days on the market when compared to homes listed with his company. The following data shows the sample size and average number of days on the market for the two companies along with the population standard deviations.

	Century 21	RE/MAX
Sample mean	122 days	144 days
Sample size	36	30
Population standard deviation	32 days	35 days

If Population 1 is defined as RE/MAX and Population 2 is defined as Century 21, the correct hypothesis statement for this hypothesis test would be ___________________________.

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