10. Property Values In Chapter 10, you compared the property evaluations of two tax assessors, A and...
Question:
10. Property Values In Chapter 10, you compared the property evaluations of two tax assessors, A and B, as shown in the table below.
a. Use the sign test to determine whether the data present sufficient evidence to indicate that assessor A tends to give higher assessments than assessor B;
that is, P(x exceeds x ) .1/2 A B . Test by using a value of a near .05. Find the p-value for the test and interpret its value.
b. In Chapter 10, we used the t statistic to test the null hypothesis that assessor A tends to give higher assessments than assessor B, resulting in a t-value of t52.82 with p-value5.013. Do these test results agree with the results in part a? Explain why the answers are (or are not) consistent.
Step by Step Answer:
Introduction To Probability And Statistics
ISBN: 9780357114469
15th Edition
Authors: William Mendenhall Iii , Robert Beaver , Barbara Beaver