Question
For questions 12-15: We want to compare the cost of three and four bedroom home. The following information is an output R comparing the mean
For questions 12-15: We want to compare the cost of three and four bedroom home. The following information is an output R comparing the mean list price of a four bedroom house to the mean list price of a three bedroom home.```
#### Welch Two Sample t-test
#### data: bed4 and bed3
## t = 1.5526, df = 27.094, p-value = 0.1321
## alternative hypothesis: true difference in means is not equal to 0
## 95 percent confidence interval:
## -14593.88 105438.33
## sample estimates:
## mean of x mean of y
## 284266.7 238844.4```
12. We want to know if there is a difference between the mean list price of a three bedroom home, 3, and the mean list price of a four bedroom home, 4. What is the alternative hypothesis?
a. 4 = 3
b. x4 6= x3
c. 4 6= 3
d. 4 > 3
e. x4 > x3
13. Give the test statistic of this test.
a. 1.5526
b. 27.094
c. 0.1321
d. -14593.88
e. 105438.33
14. Give the p-value of this test.
a. 1.5526
b. 27.094
c. 0.1321
d. -14593.88
e. 105438.33
15. Which is the proper conclusion of this hypothesis test?
a. We reject the null hypothesis at 5% significance. There is extremely strong evidence of a significance difference between the mean list price of three bedroom homes and the mean list price of four bedroom homes.
b. We reject the null hypothesis at 5% significance. There is no evidence of a significance differencebetween the mean list price of three bedroom homes and the mean list price of four bedroom homes.
c. We fail to reject the null hypothesis at 5% significance. There is no evidence of a significance difference between the mean list price of three bedroom homes and the mean list price of four bedroom homes.
d. We fail reject the null hypothesis at 5% significance. There is extremely strong evidence of a significance difference between the mean list price of three bedroom homes and the mean list price of four bedroom homes.e. We accept the null hypothesis at 5% significance. There is extremely strong evidence of a significance difference between the mean list price of three bedroom homes and the mean list price of four bedroom homes.
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