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
a.) The critical is 3.0123 since this is a two-tail scenario. The test statistic is 1.936. Since the test statistic b.) The critical is 3.0123 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 c.) The critical is 3.0123 since this is a two-tail scenario. The test statistic is 1.513. Since the test statistic d.) The critical is 3.0123 since this is a two-tail scenario. The test statistic is 2.239. Since the test statistic
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started