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According to a highprofile realtor, houses in the sleepy town of Sun Beach have shown higher appreciation over the past three years than have houses
According to a highprofile realtor, houses in the sleepy town of Sun Beach have shown higher appreciation over the past three years than have houses in the bustling town of North Arden. To test the realtor's claim, an economist has found thirteen recently sold homes in Sun Beach and thirteen recently sold homes in North Arden that were owned for exaci three years. The following table gives the appreciation (expressed as a percentage increase) for each of the twentysi houses. E] Appreciation rates in percent Sun Beach 11.6, 87,136, 7.9, 10.8, 9.7, 10.0, 16.3, 5.3, 9.2,8.5,11.8,10.5 North Arden 8.9, 7.0, 10.3, 6.6, 12.4, 12.3, 10.9, 8.9, 13.5, 9.5, 7.7, 9.2, 6.0 Send data to calculator I Assume that the two populations of appreciation rates are normally distributed and that the population variances are equal. Can we conclude, at the 0.05 level of significance, that the mean appreciation rate of houses in Sun Beach, p1, i 3m IE higher than \"2! the mean appreciation rate of houses in North Arden? Perform a onetailed test. Then complete the parts below. Carry your intermediate computations to three or more decimal places. (If necessary, consult a list of formulas.)
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