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It is believed that the mean rental price of properties in area 1 is lower than that in area 2. A sample of 300 properties

It is believed that the mean rental price of properties in area 1 is lower than that in area 2. A sample of 300 properties in area 1 and 250 properties in area 2 are collected. An independent samples t-test is used to compare the mean rental price of two areas. Table 3 displays the independent samples t-test output.

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Table 3: Output of an independent sample t-test Area I Area 2 Mean 194.93 240.84 Variance 652.50 2773.19 Observations 300 250 Hypothesized Mean Difference 0.00 Df 345 t Stat -12.60 P(T

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