Home values tend to increase over time under normal conditions, but the recession of 2008 and 2009
Question:
a. Provide a point estimate of the difference between the population mean prices for the two years.
b. Develop a 99% confidence interval estimate of the difference between the resale prices of houses in 2006 and 2009.
c. Would you feel justified in concluding that resale prices of existing homes have declined from 2006 to 2009? Why or why not?
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Related Book For
Statistics For Business And Economics
ISBN: 9780538481649
11th Edition
Authors: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams
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