Q) Big Deal Real Estate surveyed prices per square foot in the valley and foothills of Hoke-a-mo, Utah. Based on BD's are prices 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 1.513. 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 2.239. Since the test statistic < 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= .01 ( I came up with this answer-is this corrrect?)

c) The critical value is 2.977 since this is a two tail scenario. The test statistic is 1.936. Since the test statistic < 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= .01

d) The critical value is 2.977 since this is a two tail scenario. The test statistic is 1.513. Since the test statistic < 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= .01

Valley

109

116

106

157

147

105

173

153

137

110

Foothills

103

182

184

133

243

158

247

221

175

197