Question
Big Deal Real Estate surveyed prices per square foot in the valley and foothills of Hoke-a-mo, Utah. Based on BD's DATA, are prices per square
Big Deal Real Estate surveyed prices per square foot in the valley and foothills of Hoke-a-mo, Utah. Based on BD's DATA, are prices per square foot equal at ex= 0.01?
1)The critical value is 2.977 since this is a two-tail scenario. The test statistic is 1.936. Since the test statistic< the critical value, the test statistic does not lie in the area of rejection. Do not reject the null hypothesis. The prices per square foot are equal at alpha = .01
2) The critical value is 2.977 since this is a two-tail scenario. The test statistic is
3.207. Since the test statistic > the critical value, the test statistic does lie in the area of rejection. Reject the null hypothesis. The prices per square foot are not
equal at alpha = .01
3) The critical value is 2.977 since this is a two-tail scenario. The test statistic is
2.239. Since the test statistic< the critical value, the test statistic does not lie in the area of rejection. Do not reject the null hypothesis. The prices per square foot are equal at alpha = .01
4) The critical value is 2.977 since this is a two-tail scenario. The test statistic is
1.513. Since the test statistic < the critical value, the test statistic does not lie in the area of rejection. Do not reject the null hypothesis. The prices per square foot are equal at alpha= .01
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