A real-estate agent conducted an experiment to testthe effect of selling a staged home vs. selling anempty home. To do so, the agent obtained a list of10 comparable homes just listed for sale that werecurrently empty. He randomly assigned 5 of thehomes to be "staged," meaning filled with nicefurniture and decorated. The owners of the 5 homesall agreed to have their homes staged byprofessional decorators. The other 5 homesremained empty. The hypothesis is that emptyhomes are not as appealing to buyers as stagedhomes and, therefore, sell for lower prices thanstaged homes. The mean selling price of the 5empty homes was $150,000 with a standarddeviation of $22,000. The mean selling price of the 5staged homes was $175,000 with a standarddeviation of 35,000. A dotplot of each sample showsno strong skewness and no outliers.The agent tests Ho: H1-H2 = 0, Ha: H1-H2 < 0,where µ₁ = the true mean selling price of allcomparable empty homes and ₂ = the true meanselling price of all comparable staged homes. Theconditions for inference are met. What are thevalues of the test statistic and P-value for a t-testabout a difference in means?Find the t-table here.Ot=-150,000-175,00022,0002 35,000².The P-value isbetween 0.10 and 0.15.150,000-175,000.The P-value is22,000² 35,000²55between 0.20 and 0.30.150,000-175,000.The P-value is22,000² 35,000²55between 0.10 and 0.15.150,000 175,000.The P-value is22,000² 35,000²55between 0.20 and 0.30.Ot=-Ot=-Ot=

The provided information is x¯1=150000x¯2=175000s1=22000s2=35000n1=5n2=5 The test statistics is…

Answered: The agent tests Ho: P1-P₂ = 0, Ha-H1-H₂…

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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