Test HO 2Means

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 x=0.01

HINT FOR THE QUESTION:

Is this paired data (2 measurements depended on the unit observation) or data from 2 independent populations?

DATA:

Valley 109 116 106 157 147 105 173 153 137 110

Foothills 87 166 168 117 227 142 231 205 159 181

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

2)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

3)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

4)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