A nation-wide real estate chain is in the process of comparing townhouse prices in four cities across the country. It is, however, known that the area size of a townhouse is also a determining factor on price fixing and should be controlled by using blocks. Therefore, in each city, the selling prices of a 90m^2, a 120 m^2, a 50^2, a 180m^2 and a 210m^2 townhouse are randomly selected. The results are recorded to the nearest R1000 and are shown below: Townhouse Size m^2 90 120 150 180 210 Bloemfontein 660 792 1004 1248 1620 Durban 740 772 860 1072 1524 Port Elizabeth 692 724 788 916 1176 Johannesburg 800 784 1112 1328 1784

Algebra: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter2: Working With Real Numbers
Section2.3: Rules For Addition
Problem 8P
icon
Related questions
Question

Give the hypothesis, critical value and Region, test statistic and conclude

A nation-wide real estate chain is in the process of comparing townhouse prices in four cities
across the country. It is, however, known that the area size of a townhouse is also a determining
factor on price fixing and should be controlled by using blocks. Therefore, in each city, the selling
prices of a 90m^2, a 120 m^2, a 50^2, a 180m^2 and a 210m^2 townhouse are randomly
selected. The results are recorded to the nearest R1000 and are shown below:
Townhouse
Size m^2
90
120
150
180
210
Bloemfontein
660
792
1004
1248
1620
Durban
740
772
860
1072
1524
Port Elizabeth
692
724
788
916
1176
Johannesburg
800
784
1112
1328
1784
Transcribed Image Text:A nation-wide real estate chain is in the process of comparing townhouse prices in four cities across the country. It is, however, known that the area size of a townhouse is also a determining factor on price fixing and should be controlled by using blocks. Therefore, in each city, the selling prices of a 90m^2, a 120 m^2, a 50^2, a 180m^2 and a 210m^2 townhouse are randomly selected. The results are recorded to the nearest R1000 and are shown below: Townhouse Size m^2 90 120 150 180 210 Bloemfontein 660 792 1004 1248 1620 Durban 740 772 860 1072 1524 Port Elizabeth 692 724 788 916 1176 Johannesburg 800 784 1112 1328 1784
Expert Solution
steps

Step by step

Solved in 3 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Algebra: Structure And Method, Book 1
Algebra: Structure And Method, Book 1
Algebra
ISBN:
9780395977224
Author:
Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:
McDougal Littell