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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)
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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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.
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.
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