A certain company will purchase the house of any employee who is transferred out of state and will handle all details of reselling the house. The purchase price is based on two assessments, one...

A certain company will purchase the house of any employee who is transferred out of state and will handle all details of reselling the house. The purchase price is based on two assessments, one assessor being chosen by the employee and one by the company. Based on the sample of eight assessments shown, do the two assessors agree? Use the .01 level of significance.

a) Choose the appropriate hypotheses. Assumed = company assessed value – employee assessed value.

• 
  
  
  

  
  

  
  H
  ₀:μ
  _d = 0 versusH
  ₁:μ
  _d ≠ 0.

  
  

  
  
  
  


• 
  
  
  

  
  

  
  H
  ₀:μ
  _d ≠ 0 versusH
  ₁:μ
  _d = 0.

  
  

  
  
  
  

(b) State the decision rule for .01 level of significance.(Round your answers to 2 decimal places. A negative value should be indicated by a minus sign.)


Reject the null hypothesis ift
_calc <>t
_calc >  .


(c-1) Find the test statistict
_calc.(Round your answer to 2 decimal places. A negative value should be indicated by a minus sign.)



t
_calc