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 = 0.01
a) 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 b) 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 c) 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 d) 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= .01BIgDeal 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 = 0.01
Valley | Foothills |
109 | 103 |
116 | 182 |
106 | 184 |
157 | 133 |
147 | 243 |
105 | 158 |
173 | 247 |
153 | 221 |
137 | 175 |
110 | 197 |
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