Home Prices A real estate agent compares the selling prices of homes in two municipalities in a certain location 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 =α0.05 State the hypotheses and identify the claim. H0: Claim or Not a Claim H1: Claim or Not a Claim This hypothesis test is a one-tailed or two-tailed test Critical Value: Compute the test value. Round to at least 2 decimal places. z= Make the decision- reject or accept Summarize the results. City A City B =X1 $96,750 =X2 $98,250 =σ1 $5602 =σ2 $4731 =n139 =n237

Home Prices A real estate agent compares the selling prices of homes in two municipalities in a certain location 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 =α0.05 State the hypotheses and identify the claim. H0: Claim or Not a Claim H1: Claim or Not a Claim This hypothesis test is a one-tailed or two-tailed test Critical Value: Compute the test value. Round to at least 2 decimal places. z= Make the decision- reject or accept Summarize the results. City A City B =X1 $96,750 =X2 $98,250 =σ1 $5602 =σ2 $4731 =n139 =n237

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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City A		City B
=X1 $96,750		=X2 $98,250
=σ1 $5602		=σ2 $4731
=n139		=n237

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