Exhibit 1 A T-Test was run at 90% Confidence level to determine if housing prices in Los Angeles are different than housing prices in Seattle . Below is the output for the T-Test. Below are the hypothesis for this problem. Ho: ∪ Los Angeles = ∪ Seattle Ha: ∪ Los Angeles ≠ ∪ Seattle t - Test Two - Sample Assuming Unequal Variances: Los Angeles Seattle Mean: 205.2088 233.4268 Variance: 1212.009 2632.197 Observations: 34 56 Hypothesized Mean Difference: 0 df: 87 t-Stat: -3.10386 P(T <=t) One - Tail: 0.001289 t Critical One - Tail: 2.369977 P(T <=t) Two - Tail: 0.002577 t Critical Two - Tail: 2.633527 Q 16a: Refer to exhibit 1. From the output, what is the P-Value that should be used to determine if Los Angeles prices are different than Seattle Prices? b = Refer to exhibit 1. From the output, what is the Critical Value that should be used to determine if Los Angeles prices are different than Seattle Prices? c = Refer to exhibit 1. From the output, what is the Test Statistic that should be used to determine if Los Angeles prices are different than Seattle Prices? d = Refer to exhibit 1. Based on the output, The conclusion for this problem is:
Exhibit 1
A T-Test was run at 90% Confidence level to determine if housing prices in Los Angeles are different than housing prices in Seattle . Below is the output for the T-Test.
Below are the hypothesis for this problem.
Ho: ∪ Los Angeles = ∪ Seattle
Ha: ∪ Los Angeles ≠ ∪ Seattle
t - Test Two - Sample Assuming Unequal Variances:
Los Angeles Seattle
Mean: 205.2088 233.4268
Variance: 1212.009 2632.197
Observations: 34 56
Hypothesized Mean Difference: 0
df: 87
t-Stat: -3.10386
P(T <=t) One - Tail: 0.001289
t Critical One - Tail: 2.369977
P(T <=t) Two - Tail: 0.002577
t Critical Two - Tail: 2.633527
Q 16a:
Refer to exhibit 1. From the output, what is the P-Value that should be used to determine if Los Angeles prices are different than Seattle Prices?
b = Refer to exhibit 1. From the output, what is the Critical Value that should be used to determine if Los Angeles prices are different than Seattle Prices?
c = Refer to exhibit 1. From the output, what is the Test Statistic that should be used to determine if Los Angeles prices are different than Seattle Prices?
d = Refer to exhibit 1. Based on the output, The conclusion for this problem is:
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