real estate agent wants to know if tax assessors and real estate appraisers closely agree on the values of homes. A random sample of the two independent groups evaluated 12 homes. The data is given below. Tax Assessors Real Estate Appraisers x̄1 = $102,344 x̄2 = $105,827 s1 = $3,952 s2 = $4,341 n1 = 12 n2 = 12
A real estate agent wants to know if tax assessors and real estate appraisers closely agree on the values of homes. A random sample of the two independent groups evaluated 12 homes. The data is given below.
|
Tax Assessors |
Real Estate Appraisers |
|---|---|
|
x̄1 = $102,344 |
x̄2 = $105,827 |
|
s1 = $3,952 |
s2 = $4,341 |
|
n1 = 12 |
n2 = 12 |
Construct a confidence interval for the mean difference in the home values for each group.
A real estate agent wants to know if tax assessors and real estate appraisers closely agree on the values of homes. A random sample of the two independent groups evaluated 12 homes. The data is given below.
|
Tax Assessors |
Real Estate Appraisers |
|---|---|
|
x̄1 = $102,344 |
x̄2 = $105,827 |
|
s1 = $3,952 |
s2 = $4,341 |
|
n1 = 12 |
n2 = 12 |
Construct a confidence interval for the mean difference in the home values for each group.
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