What is the observational unit? Location of the Home The 17 homes in Pismo Beach A home Whether a home is sold or not Real estate data were collected in San Luis Obispo County from August 2014. The following summarize the sold prices of 17 homes that sold in Pismo Beach and 37 homes that sold in San Luis Obispo city. Researchers would like to investigate whether the population mean price for homes are the same in both locations SLO city and in Pismo Beach. Location Deviation Pismo Beach SLO N 17 37 Mean 821221 548507 Standard 396519 371599

MATLAB: An Introduction with Applications
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Author:Amos Gilat
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What is the observational unit?
Location of the Home
The 17 homes in Pismo Beach
A home
Whether a home is sold or not
Transcribed Image Text:What is the observational unit? Location of the Home The 17 homes in Pismo Beach A home Whether a home is sold or not
Real estate data were collected in San Luis Obispo County
from August 2014. The following summarize the sold
prices of 17 homes that sold in Pismo Beach and 37
homes that sold in San Luis Obispo city. Researchers
would like to investigate whether the population mean
price for homes are the same in both locations SLO city
and in Pismo Beach.
Location
Deviation
Pismo Beach
SLO
N
17
37
Mean
821221
548507
Standard
396519
371599
Transcribed Image Text:Real estate data were collected in San Luis Obispo County from August 2014. The following summarize the sold prices of 17 homes that sold in Pismo Beach and 37 homes that sold in San Luis Obispo city. Researchers would like to investigate whether the population mean price for homes are the same in both locations SLO city and in Pismo Beach. Location Deviation Pismo Beach SLO N 17 37 Mean 821221 548507 Standard 396519 371599
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