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 alpha = 0.01?
Valley Foothills
109 82
116 161
106 163
157 112
147 222
105 137
173 226
153 200
137 154
110 176
Choose one of the following:
A. The critical value is 2.977 since this is a two-tail scenario. The test statistic is 2.239. Since the test statistic is < than the 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 = 0.01.
B. The critical value is 2.977 since this is a two-tail scenario. The test statistic is 1.936. Since the test statistic is < than 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 = 0.01.
C. The critical value is 2.977 since this is a two-tail scenario. The test statistic is 1.513. Since the test statistic is < than 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 = 0.01.
D. The critical value is 2.977 since this is a two-tail scenario. The test statistic is 3.207. Since the test statistic is > than 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 = 0.01.
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