Question
BigDeal 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
BigDeal 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
OPTIONS:
A. 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
B. 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 not lie in the area of rejection. Reject the null hypothesis. The prices per square foot are not equal at alpha = .01
C. 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
D. The critical value is 2.977 since this is a two-tail scenario. The test statistic is 1.936. Since the test statistic is < 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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