The answer should correspond with the below data and one of the choices: The critical value is 2.977 since this is a two-tail scenario. The test statistic is 2.239. Since the test statistic < the critical value, the test statistic does not lie in the area of rejection. Do not reject the null hypothesis. The prices per square foot are equal at alpha = .01 The critical value is 2.977 since this is a two-tail scenario. The test statistic is 3.207. Since the test statistic > the critical value, the test statistic does lie in the area of rejection. Reject the null hypothesis. The prices per square foot are not equal at alpha = .01 The critical value is 2.977 since this is a two-tail scenario. The test statistic is 1.936. Since the test statistic < the critical value, the test statistic does not lie in the area of rejection. Do not reject the null hypothesis. The prices per square foot are equal at alpha = .01 The critical value is 2.977 since this is a two-tail scenario. The test statistic is 1.513. Since the test statistic < the critical value, the test statistic does not lie in the area of rejection. Do not reject the null hypothesis. The prices per square foot are equal at alpha = .01 DATA To Use Valley Foothills 109 75 116 154 106 156 157 105 147 215 105 130 173 219 153 193 137 147 110 169
Inverse Normal Distribution
The method used for finding the corresponding z-critical value in a normal distribution using the known probability is said to be an inverse normal distribution. The inverse normal distribution is a continuous probability distribution with a family of two parameters.
Mean, Median, Mode
It is a descriptive summary of a data set. It can be defined by using some of the measures. The central tendencies do not provide information regarding individual data from the dataset. However, they give a summary of the data set. The central tendency or measure of central tendency is a central or typical value for a probability distribution.
Z-Scores
A z-score is a unit of measurement used in statistics to describe the position of a raw score in terms of its distance from the mean, measured with reference to standard deviation from the mean. Z-scores are useful in statistics because they allow comparison between two scores that belong to different normal distributions.
BigDeal Real Estate surveyed prices per square foot in the valley and foothills of Hoke-a-mo, Utah. Based on BigDeal's attached data, are prices per square foot equal at x=0.01?
![The answer should correspond
with the below data and one of the
choices:
The critical value is 2.977 since this is a two-tail scenario. The test statistic is
2.239. Since the test statistic < the critical value, the test statistic does not lie in
the area of rejection. Do not reject the null hypothesis. The prices per square
foot are equal at alpha = .01
The critical value is 2.977 since this is a two-tail scenario. The test statistic is
3.207. Since the test statistic > the critical value, the test statistic does lie in the
area of rejection. Reject the null hypothesis. The prices per square foot are not
equal at alpha = .01
The critical value is 2.977 since this is a two-tail scenario. The test statistic is
1.936. Since the test statistic < the critical value, the test statistic does not lie in
the area of rejection. Do not reject the null hypothesis. The prices per square
foot are equal at alpha = .01
The critical value is 2.977 since this is a two-tail scenario. The test statistic is
1.513. Since the test statistic the critical value, the test statistic does not lie in
the area of rejection. Do not reject the null hypothesis. The prices per square
foot are equal at alpha = .01
DATA To Use
Valley
Foothills
109
75
116
154
106
156
157
105
147
215
105
130
173
219
153
193
137
147
110
169](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F166184b5-9625-41b5-941b-e1f37119f0b6%2Ffcc93979-041e-4dfa-932d-d0afb43b4a1a%2Fs9hnfk_processed.jpeg&w=3840&q=75)
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