Question
BigDeal Real Estate surveyed prices per square foot in the valley and foothills of Hoke-a-mo, Utah. Based on BD's DATA, areprices per square foot equal
BigDeal Real Estate surveyed prices per square foot in the valley and foothills of Hoke-a-mo, Utah. Based on BD's DATA, areprices 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 1.513. Since the test statistic
c) The critical value is 2.977 since this is a two-tail scenario. The test statistic is 1.936. Since the test statistic
d) The critical value is 2.977 since this is a two-tail scenario. The test statistic is 2.239. Since the test statistic
Valley Foothills 109 75 116 154 106 156 157 105 147 215 105 130 173 219 153 193 137 147 110 169Step by Step Solution
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