According to a high-profile realtor, houses in the sleepy town of Sun Beach have shown higher appreciation over the past three years than have houses in the bustling town of North Arden. To test the realtor's claim, an economist has found eleven recently sold homes in Sun Beach and eleven recently sold homes in| North Arden that were owned for exactly three years. The following table gives the appreciation (expressed as a percentage increase) for each of the twenty-two houses. Appreciation rates in percent Sun Beach 12.2, 11.3, 8.1, 8.1, 10.0, 12.6, 11.6, 11.3, 12.0, 9.5, 11.7 North Arden 8.4, 9.2, 9.8, 7.5, 10.9, 3.2, 13.8, 9.0, 8.7, 8.7, 4.6 Send data to calculator Send data to Excel Assume that the two populations of appreciation rates are normally distributed and that the population variances are equal. Can we conclude, at the 0.05 level of significance, that the mean appreciation rate of houses in Sun Beach, pu,, is higher than u, the mean appreciation rate of houses in North Arden?
According to a high-profile realtor, houses in the sleepy town of Sun Beach have shown higher appreciation over the past three years than have houses in the bustling town of North Arden. To test the realtor's claim, an economist has found eleven recently sold homes in Sun Beach and eleven recently sold homes in| North Arden that were owned for exactly three years. The following table gives the appreciation (expressed as a percentage increase) for each of the twenty-two houses. Appreciation rates in percent Sun Beach 12.2, 11.3, 8.1, 8.1, 10.0, 12.6, 11.6, 11.3, 12.0, 9.5, 11.7 North Arden 8.4, 9.2, 9.8, 7.5, 10.9, 3.2, 13.8, 9.0, 8.7, 8.7, 4.6 Send data to calculator Send data to Excel Assume that the two populations of appreciation rates are normally distributed and that the population variances are equal. Can we conclude, at the 0.05 level of significance, that the mean appreciation rate of houses in Sun Beach, pu,, is higher than u, the mean appreciation rate of houses in North Arden?
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 3SE: The Oxford Dictionary defines the word nominal asa value that is “stated or expressed but...
Related questions
Question
100%
Perform a one-tailed test. Then complete the parts below.
Carry your intermediate computations to three or more decimal places and round your answers as specified in the table. (If necessary, consult a list of formulas.)
|
![According to a high-profile realtor, houses in the sleepy town of Sun Beach have shown higher appreciation over the past three years than have houses in the
bustling town of North Arden. To test the realtor's claim, an economist has found eleven recently sold homes in Sun Beach and eleven recently sold homes in
North Arden that were owned for exactly three years. The following table gives the appreciation (expressed as a percentage increase) for each of the twenty-two
houses.
Appreciation rates in percent
Sun Beach 12.2, 11.3, 8.1, 8.1, 10.0, 12.6, 11.6, 11.3, 12.0, 9.5, 11.7
North Arden 8.4, 9.2, 9.8, 7.5, 10.9, 3.2, 13.8, 9.0, 8.7, 8.7, 4.6
Send data to calculator
Send data to Excel
Assume that the two populations of appreciation rates are normally distributed and that the population variances are equal. Can we conclude, at the 0.05 level
of significance, that the mean appreciation rate of houses in Sun Beach, u1, is higher than u,, the mean appreciation rate of houses in North Arden?
Perform a one-tailed test. Then complete the parts below.
Carry your intermediate computations to three or more decimal places and round your answers as specified in the table. (If necessary, consult a list of
formulas.)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F19d66969-4b77-4ca9-9894-4c811e818148%2F5a983017-8dd4-4c96-8868-23a46bb0fbcd%2F96b6oor_processed.png&w=3840&q=75)
Transcribed Image Text:According to a high-profile realtor, houses in the sleepy town of Sun Beach have shown higher appreciation over the past three years than have houses in the
bustling town of North Arden. To test the realtor's claim, an economist has found eleven recently sold homes in Sun Beach and eleven recently sold homes in
North Arden that were owned for exactly three years. The following table gives the appreciation (expressed as a percentage increase) for each of the twenty-two
houses.
Appreciation rates in percent
Sun Beach 12.2, 11.3, 8.1, 8.1, 10.0, 12.6, 11.6, 11.3, 12.0, 9.5, 11.7
North Arden 8.4, 9.2, 9.8, 7.5, 10.9, 3.2, 13.8, 9.0, 8.7, 8.7, 4.6
Send data to calculator
Send data to Excel
Assume that the two populations of appreciation rates are normally distributed and that the population variances are equal. Can we conclude, at the 0.05 level
of significance, that the mean appreciation rate of houses in Sun Beach, u1, is higher than u,, the mean appreciation rate of houses in North Arden?
Perform a one-tailed test. Then complete the parts below.
Carry your intermediate computations to three or more decimal places and round your answers as specified in the table. (If necessary, consult a list of
formulas.)
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.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.Recommended textbooks for you
![College Algebra](https://www.bartleby.com/isbn_cover_images/9781938168383/9781938168383_smallCoverImage.gif)
![Glencoe Algebra 1, Student Edition, 9780079039897…](https://www.bartleby.com/isbn_cover_images/9780079039897/9780079039897_smallCoverImage.jpg)
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
![Intermediate Algebra](https://www.bartleby.com/isbn_cover_images/9780998625720/9780998625720_smallCoverImage.gif)
![College Algebra](https://www.bartleby.com/isbn_cover_images/9781938168383/9781938168383_smallCoverImage.gif)
![Glencoe Algebra 1, Student Edition, 9780079039897…](https://www.bartleby.com/isbn_cover_images/9780079039897/9780079039897_smallCoverImage.jpg)
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
![Intermediate Algebra](https://www.bartleby.com/isbn_cover_images/9780998625720/9780998625720_smallCoverImage.gif)
![Trigonometry (MindTap Course List)](https://www.bartleby.com/isbn_cover_images/9781337278461/9781337278461_smallCoverImage.gif)
Trigonometry (MindTap Course List)
Trigonometry
ISBN:
9781337278461
Author:
Ron Larson
Publisher:
Cengage Learning
![College Algebra](https://www.bartleby.com/isbn_cover_images/9781337282291/9781337282291_smallCoverImage.gif)
![Intermediate Algebra](https://www.bartleby.com/isbn_cover_images/9781285195728/9781285195728_smallCoverImage.gif)
Intermediate Algebra
Algebra
ISBN:
9781285195728
Author:
Jerome E. Kaufmann, Karen L. Schwitters
Publisher:
Cengage Learning