A real estate agent believes that the mean home price in the northern part of a county is higher than the mean price in the southern part of the county and would like to test the claim. A simple random sample of housing prices is taken from each region. The results are shown below. Mean Variance Observations Pooled Variance Hypothesized Mean Difference df Southern Northern 155.056 168.889 345.938 560.928 18 18 453.433 0 34 F. 1.001
A real estate agent believes that the mean home price in the northern part of a county is higher than the mean price in the southern part of the county and would like to test the claim. A simple random sample of housing prices is taken from each region. The results are shown below. Mean Variance Observations Pooled Variance Hypothesized Mean Difference df Southern Northern 155.056 168.889 345.938 560.928 18 18 453.433 0 34 F. 1.001
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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Problem 1P
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Transcribed Image Text:A real estate agent believes that the mean home price in the northern part of a county is higher than the mean
price in the southern part of the county and would like to test the claim. A simple random sample of housing
prices is taken from each region. The results are shown below.
Mean
Variance
Observations
Pooled Variance
Hypothesized Mean Difference
df
t Stat
P(T<=t) one-tail
t Critical one-tail
P(T<=t) two-tail
t Critical two-tail
Confidence Level
n = Ex: 9
Southern Northern
155.056 168.889
345.938 560.928
18
18
453.433
0
34
1.949
0.030
2.441
0.060
2.728
99%
-3
-2
7
-1
0
Degrees of freedom: df =
Point estimate for the southern part of the county: xs = Ex: 1.234
Point estimate for the northern part of the county: N =
t
1
=
р
2
=
Ex: 1.234
3
Ex: 1.234
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