If a random sample of 16 homes south of a town has a mean selling price of $145,050 and a standard deviation of $4775, and a random sample of 26 homes north of a town has a mean selling price...


If a random sample of 16 homes south of a town has a mean selling price of $145,050 and a standard deviation of $4775, and a random sample of 26 homes north of a town has a mean selling price of $148,300 and a standard deviation of $5875, can you conclude that there is a significant difference between the selling price of homes in these two areas of the town at the 0.05 level? Assume normality.


(a) Findt. (Round your answer to two decimal places.)




(ii) Find thep-value. (Round your answer to four decimal places.)




(b) State the appropriate conclusion.
Reject the null hypothesis. There is not significant evidence of a difference in means.Reject the null hypothesis. There is significant evidence of a difference in means.    Fail to reject the null hypothesis. There is significant evidence of a difference in means.Fail to reject the null hypothesis. There is not significant evidence of a difference in means



Jun 08, 2022
SOLUTION.PDF
SOLUTION.PDF

Get Answer To This Question

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here
Have files?