A real estate agent compares the selling prices of homes in two municipalities in southwestern Pennsylvania to see if there is a difference. The results of the study are shown. Is there enough evidence to reject the claim that the average cost of a home in both locations is the same? Use α=0.01. Scott ... X₁ = $93,430* σ₁= $5602 n₁ = 35 Ligonier X₂ = $98,043* 0₂= $4731 n₂ = 40 *Based on information from RealSTATS. Required: Appropriate statistical test A) t-test for independent samples, two tailed test B) t-test for independent samples, right tailed test z-test, two tailed test z-test, right tailed test

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A real estate agent compares the selling prices of homes in two municipalities in southwestern
Pennsylvania to see if there is a difference. The results of the study are shown. Is there
enough evidence to reject the claim that the average cost of a home in both locations is the
same? Use α=0.01.
Scott
Ligonier
X₁ = $93,430*
X₂
= $98,043*
0₂ = $4731
σ₁ = $5602
n₁ = 35
n₂ = 40
*Based on information from RealSTATS.
Required: Appropriate statistical test
A
t-test for independent samples, two tailed test
B
t-test for independent samples, right tailed test
с
z-test, two tailed test
D
z-test, right tailed test
:
Transcribed Image Text:A real estate agent compares the selling prices of homes in two municipalities in southwestern Pennsylvania to see if there is a difference. The results of the study are shown. Is there enough evidence to reject the claim that the average cost of a home in both locations is the same? Use α=0.01. Scott Ligonier X₁ = $93,430* X₂ = $98,043* 0₂ = $4731 σ₁ = $5602 n₁ = 35 n₂ = 40 *Based on information from RealSTATS. Required: Appropriate statistical test A t-test for independent samples, two tailed test B t-test for independent samples, right tailed test с z-test, two tailed test D z-test, right tailed test :
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