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
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
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Question
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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