A real estate agent compares the selling prices of randomly selected homes in two municipalities in southwestern Pennsylvania to see if there is a difference. The results of the study are shown. Is there enough evidence to reject the claim that the average cost of a home in both locations is the same? Use the 0.01 level of significance. Scott X-bar 1= $93,430 01= $5602 n1= 35 Ligonier X-bar 2= $98,043 02= $4731 n2= 40 What is the appropriate alternate hypothesis? Find the critical Value Compute the test value Make the decision Summarize the Results
A real estate agent compares the selling prices of randomly selected homes in two municipalities in southwestern Pennsylvania to see if there is a difference. The results of the study are shown. Is there enough evidence to reject the claim that the average cost of a home in both locations is the same? Use the 0.01 level of significance. Scott X-bar 1= $93,430 01= $5602 n1= 35 Ligonier X-bar 2= $98,043 02= $4731 n2= 40 What is the appropriate alternate hypothesis? Find the critical Value Compute the test value Make the decision Summarize the Results
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section4.5: Correlation And Causation
Problem 11PPS
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Question
A real estate agent compares the selling prices of randomly selected homes in two municipalities in southwestern Pennsylvania to see if there is a difference. The results of the study are shown. Is there enough evidence to reject the claim that the average cost of a home in both locations is the same? Use the 0.01 level of significance.
Scott
X-bar 1= $93,430
01= $5602
n1= 35
Ligonier
X-bar 2= $98,043
02= $4731
n2= 40
What is the appropriate alternate hypothesis?
Find the critical Value
Compute the test value
Make the decision
Summarize the Results
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