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
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
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
![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
:](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F623bc86f-f495-4648-af46-9179e3ea95cb%2F58155d51-fbd7-4f63-8c2a-3f1e9836b307%2Fjico1x9_processed.png&w=3840&q=75)
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
:
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps with 2 images
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Recommended textbooks for you
![MATLAB: An Introduction with Applications](https://www.bartleby.com/isbn_cover_images/9781119256830/9781119256830_smallCoverImage.gif)
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
![Probability and Statistics for Engineering and th…](https://www.bartleby.com/isbn_cover_images/9781305251809/9781305251809_smallCoverImage.gif)
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
![Statistics for The Behavioral Sciences (MindTap C…](https://www.bartleby.com/isbn_cover_images/9781305504912/9781305504912_smallCoverImage.gif)
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
![MATLAB: An Introduction with Applications](https://www.bartleby.com/isbn_cover_images/9781119256830/9781119256830_smallCoverImage.gif)
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
![Probability and Statistics for Engineering and th…](https://www.bartleby.com/isbn_cover_images/9781305251809/9781305251809_smallCoverImage.gif)
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
![Statistics for The Behavioral Sciences (MindTap C…](https://www.bartleby.com/isbn_cover_images/9781305504912/9781305504912_smallCoverImage.gif)
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
![Elementary Statistics: Picturing the World (7th E…](https://www.bartleby.com/isbn_cover_images/9780134683416/9780134683416_smallCoverImage.gif)
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
![The Basic Practice of Statistics](https://www.bartleby.com/isbn_cover_images/9781319042578/9781319042578_smallCoverImage.gif)
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
![Introduction to the Practice of Statistics](https://www.bartleby.com/isbn_cover_images/9781319013387/9781319013387_smallCoverImage.gif)
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman