A real estate agent compares the selling prices of randomly selected 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 the 0.01 level of significance.  Scott X-bar 1= $93,430 01= $5602 n1= 35 Ligonier X-bar 2= $98,043  02= $4731 n2= 40 What is the appropriate alternate hypothesis? Find the critical Value Compute the test value Make the decision Summarize the Results

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A real estate agent compares the selling prices of randomly selected 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 the 0.01 level of significance. 

Scott

X-bar 1= $93,430

01= $5602

n1= 35

Ligonier

X-bar 2= $98,043 

02= $4731

n2= 40

What is the appropriate alternate hypothesis?

Find the critical Value

Compute the test value

Make the decision

Summarize the Results

 

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