Is it true that, on average the houses ik town B are cheaper than the one in town A at 1% level of significance? Calculate the p-value for this test. Assume that samples are drawn from a normal population.
Is it true that, on average the houses ik town B are cheaper than the one in town A at 1% level of significance? Calculate the p-value for this test. Assume that samples are drawn from a normal population.
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...
Related questions
Question
100%
Q3
Transcribed Image Text:3.
All house sales transactions (in R1000) concluded in two cities during a particular week are
checked. The selling price of each house is noted. The following information is obtained:
Town A
Town B
n1 = 51
n2 = 34
X = 13585
X2 = 13600
o? = 1024
o = 1024
%3D
Is it true that, on average the houses i town B are cheaper than the one in town A at 1% level of
significance? Calculate the p-value for this test. Assume that samples are drawn from a normal
population.
Expert Solution
Step 1
Step by step
Solved in 2 steps with 1 images
Recommended textbooks for you
A First Course in Probability (10th Edition)
Probability
ISBN:
9780134753119
Author:
Sheldon Ross
Publisher:
PEARSON
A First Course in Probability (10th Edition)
Probability
ISBN:
9780134753119
Author:
Sheldon Ross
Publisher:
PEARSON