Question 12

BigDeal Real Estate surveyed prices per square foot in the valley and foothills of Hoke-a-mo,

Utah.Based on DB's DATA, are prices per square foot equal at =0.01?

Valley Foothills

109 87

116 166

106 168

157 117

147 227

105 142

173 231

153 205

137 159

110 181

Choose your answer from the following:

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 not lie in the area of rejection. Do not reject the null hypothesis. The prices per square foot are equal at alpha =.01

b) The critical value is 2.977 since this is 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

c) The critical value is 2.977 since this is two-tail scenario. The test statistic is 3.207. Since the test statistic < the critical value, the test statistic does not lie in the area of rejection. Reject the null hypothesis. The prices per square foot are not equal at alpha =.01

d) The critical value is 2.977 since this is 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