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A student wants to know if the houses in two different neighborhoods have roughly the same price (in millions of dollars) or not. In
A student wants to know if the houses in two different neighborhoods have roughly the same price (in millions of dollars) or not. In other words, she wants to test the following hypotheses: Ho H1 H2 = 0 HA: H1 H20 She takes a random sample of houses from each neighborhood and finds that the summary statistics for the two neighborhoods look as follows. Neighborhood 1 Neighborhood 2 n1 =32 Y1 $1.3 S =$0.49 n2 =29 Y2 $0.9 S2=$0.50 Find the t-statistic (test statistic) used to test the hypothesis. Note: 1- Do not round any intermediate numbers. 3- You do not need to change the unit of measure. You can work with the data in ($1,000,000s). 2- Only round your final answer to 3 decimal places. Enter your final answer with 3 decimal places.
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