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Sale Prices for Houses The average sales price of new one-family houses in the Midwest is $250,000 and in the South is $253,400. A random sample of 32 houses in each region was examined with the following results. At the 0.1 level of significance, can it be concluded that the difference in mean sales price for the two regions is greater than $3400? South Midwest Sample size 32 32 Sample mean $260,500 $242,300 Population standard deviation $10,500 S12,000 Use u, for the average sales price for a house in the South.

Sale Prices for Houses The average sales price of new one-family houses in the Midwest is $250,000 and in the South is $253,400. A random sample of 32 houses in each region was examined with the following results. At the 0.1 level of significance, can it be concluded that the difference in mean sales price for the two regions is greater than $3400? South Midwest Sample size 32 32 Sample mean $260,500 $242,300 Population standard deviation $10,500 S12,000 Use u, for the average sales price for a house in the South.

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Sale Prices for Houses The average sales price of new one-family houses in the Midwest is $250,000 and in the South is $253,400. A random sample of 32 houses in each region was examined with the following results. At the 0.1 level of significance, can it be concluded that the difference in mean sales price for the two regions is greater than $3400? South Midwest Sample size 32 32 Sample mean $260,500 $242,300 Population standard deviation $10,500 S12,000 Use for the average sales price for a house in the South.
Transcribed Image Text:Sale Prices for Houses The average sales price of new one-family houses in the Midwest is $250,000 and in the South is $253,400. A random sample of 32 houses in each region was examined with the following results. At the 0.1 level of significance, can it be concluded that the difference in mean sales price for the two regions is greater than $3400? South Midwest Sample size 32 32 Sample mean $260,500 $242,300 Population standard deviation $10,500 S12,000 Use for the average sales price for a house in the South.
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