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 sampleof 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 meansales price for the two regions is greater than $3400?SouthMidwestSample size3232Sample mean$260,500 $242,300Population standard deviation $10,500 S12,000Usefor the average sales price for a house in the South.

In order to determine whether the difference between the mean sales price of houses for the two…

Answered: Sale Prices for Houses The average…

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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Fear of heights - A psychologist has developed a new treatment for acrophobia (the extreme fear of heights) and wants to compare the results of this new treatment to the results of the standard treatment. A study is conducted where a random sample of 16 patients undergo the new treatment and their improvement scores on a diagnostic test are compared to a control sample of 13 patients who received the standard treatment. Summary scores for both groups are shown in the table below. Treatment Sample Mean Sample Standard Deviation New 50.9 12 Standard 47.2 11.4 The degrees of freedom for this problem is d f 26.287709. 1. Select the hypotheses that should be used to assess if the new treatment results in higher average improvement scores than the standard treatment. А. Но : И1 = µ2 vs. Ha : H1 # µ2 OB. Ho : µ1 = µ2 vS. Ha : H1 H2 2. Calculate the test statistic. ? V = 3. Calculate the p-value. p-value =
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A real estate agent believes that the mean home price in the northern part of a county is higher than the mean price in the southern part of the county and would like to test the claim. A simple random sample of housing prices is taken from each region. The results are shown below. Mean Variance Observations Southern Northern 155.056 168.889 345.938 560.928 18 Pooled Variance 453.433 Hypothesized Mean Difference df 34 1949 t Stat P(T<=t) one-tail p= Ex: 1.234 0.030 2.441 0.060 t Critical one-tail P(T<=t) two-tail t Critical two-tail 2.728 2. Confidence Level 99% t = Ex: 1.234 n= Ex: 9 Degrees of freedom: df = Point estimate for the southern part of the county: 1 Ex: 1.234 Point estimate for the northern part of the county: 2 0耳_ 国 23 72°F
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