A real estate agent compares the selling prices of homes in two municipalities in southwestern Pennsylvania to
Question:
A real estate agent compares the selling prices of homes in two municipalities in southwestern Pennsylvania to see if there is a difference. The results of the study are shown. Is there enough evidence to reject the claim that the average cost of a home in both locations is the same? Use α = 0.01.
a. State the hypotheses and identify the claim. b. Find the critical value(s). c. Compute the test value. d. Make the decision. e. Summarize the results.
Transcribed Image Text:
Scott Xi = $93.430+ 허 = $5602 n 1 = 35 Ligonier X2 = $98,043 * ": = $4731 n2 = 40
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