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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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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