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.

Assessments of Eight Homes ($ thousands)Assessed byHome 1Home 2Home3Home 4Home 5Home 6Home 7Home 8Company328350455278290285535745Employee318345470285310280525765

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

multiple choice 1

• H₀:_d= 0 versusH₁:_d 0.
• H₀:_d 0 versusH₁:_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_calct_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

(c-2)What is your conclusion?

We

(Click to select)

reject

fail to reject

the null hypothesis.