An international company routinely rotates its senior managers every five to six years around its activities worldwide. Staff are financially compensated for such moves but with many staff buying a house in their new location, there are concerns about relative house prices. The company has recently surveyed house prices in two cities where it is based:

Prices are for comparable houses and have been adjusted for exchange rates. Is there any evidence of a difference in mean house prices between the two cities?

EXERCISES 257 Mean price Standard Sample

(£) deviation size City A 235 000 12 750 132 City B 261 000 15 680 161