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-6 Fairfield Homes is developing two parcels near Pigeon Forge, Tennessee In order to test different advertising approaches, it uses different media to reach potential

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-6 Fairfield Homes is developing two parcels near Pigeon Forge, Tennessee In order to test different advertising approaches, it uses different media to reach potential buyers. The mean annual family income for 19 people making inquiries at the first development is $148,000, with a standard deviation of $41,000. A corresponding sample of 25 people at the second development had a mean of $186,000 with a standard deviation of S27000. Assume the population standard deviations are the same. At the 005 significance level, can Fairfield conclude that the population means are different? 02.14 a. State the decision rule for 0.05 significance level Ho##;: May (Negative values should be indicated by a minus sign. Round your answers to 2 decimal places.) chool Reject How to not between b. Compute the value of the test statistic (Negative value should be indicated by a minus sign. Round your answer to 2 decimal places.) Value of the test statistic 02:18 24 c. At the 0.05 significance level, can Fairfield conclude that the population means are different? book HO Fairfield conclude that the population means are different

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