A real estate agent in the coastal area of Georgia wants to compare the variation in the
Question:
A real estate agent in the coastal area of Georgia wants to compare the variation in the selling price of homes on the oceanfront with those one to three blocks from the ocean. A sample of 21 oceanfront homes sold within the last year revealed the standard deviation of the selling prices was $45,600. A sample of 18 homes, also sold within the last year, that were one to three blocks from the ocean revealed that the standard deviation was $21,330. At the .01 significance level, can we conclude that there is more variation in the selling prices of the oceanfront homes?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (10 reviews)
When the hypothesis is written down it look very similar however it occupy the relevant position ...View the full answer
Answered By
Mehwish Aziz
What I have learnt in my 8 years experience of tutoring is that you really need to have a friendly relationship with your students so they can come to you with their queries without any hesitation. I am quite hardworking and I have strong work ethics. Since I had never been one of those who always top in the class and always get A* no matter what, I can understand the fear of failure and can relate with my students at so many levels. I had always been one of those who had to work really hard to get decent grades. I am forever grateful to some of the amazing teachers that I have had who made learning one, and owing to whom I was able to get some extraordinary grades and get into one of the most prestigious universities of the country. Inspired by those same teachers, I am to be like one of them - who never gives up on her students and always believe in them!
5.00+
3+ Reviews
10+ Question Solved
Related Book For
Statistical Techniques in Business and Economics
ISBN: 978-0078020520
16th edition
Authors: Douglas Lind, William Marchal
Question Posted:
Students also viewed these Statistics questions
-
A real estate agent in Northern Ontario wants to compare the variation in the selling price of homes on waterfronts with those one to three blocks from the water. A sample of 21 waterfront homes sold...
-
In March, William Tackaberry, a real estate agent for Weichert Co. Realtors, informed Thomas Ryan, a local developer, that he knew of property Ryan might be interested in purchasing. Ryan indicated...
-
A real estate agent is considering changing her cell phone plan. There are three plans to choose from, all of which involve a monthly service charge of $ 20. Plan A has a cost of $.45 a minute for...
-
Debug the given C program to read and print N array elements. Find 10 errors in the given Code and correct the errors. (5Marks) NOTE: Copy and PASTE the correct program in the space below. /*Arrays...
-
Find the equilibria of equation (13.6.10) for m = l, c = 12, k1 = 16, and k3 = -4, and use a numerical method to solve and plot the solution for (0) = 0 and four values of y(0): 1, 1.9, and 2.1....
-
You just won the TVM Lottery. You will receive $1 million today plus another 10 annual payments that increase by $500,000 per year. Thus, in one year, you receive $1.5 million. In two years you get...
-
The Bode plot of shaft vibration of a turbine obtained during coast-down is shown in Fig. 10.44. Determine the damping ratio of the system when the static deflection of the shaft is equal to \(1.27...
-
On September 1, 2012, the account balances of Moore Equipment Repair were as During September, the following summary transactions were completed.Sept. 8 Paid $1,400 for salaries due employees, of...
-
Mia Breen Corp. produces and sells wind-energy-driven engines. To finance its operations, Mia Breen issued $1,061,000 of 25-year, 14% callable bonds on May 1, 2015, at their face amount, with...
-
On December 31, 2016, Pam Corporation purchased 80 percent of the stock of Sun Company at book value. The data reported on their separate balance sheets immediately after the acquisition follow. At...
-
A stockbroker at Critical Securities reported that the mean rate of return on a sample of 10 oil stocks was 12.6% with a standard deviation of 3.9%. The mean rate of return on a sample of 8 utility...
-
A software design company is creating a new, faster search engine. The search engine is clearly faster, but initial tests indicate there is more variation in the time to perform a search. A sample of...
-
Using the financial statements for the Niara Calendar Company, calculate the 13 basic ratios found in the chapter. NIARA ENTERPRISES BALANCE SHEET DECEMBER 31, 2008 Current assets: Cash...
-
Download the Statement on Standards in Personal Financial Planning Services (SSPFPS) No.1. Review the steps in the PFP process....
-
Jamie OConnor is a second-grade teacher in a rural area. She notices that one of her students, Bobby, consistently comes to school with bruises and cuts. When Jamie asked Bobby about the injuries, he...
-
There are a few situations in which accomplice liability is a legal impossibility. One who abandons his or her intent to participate in the crime may not be considered an accomplice. To succeed,...
-
An accomplice is one who knowingly, voluntarily, and with common intent unites with the principal offender in the commission of a crime. Complicity is not the same as conspiracy. Conspiracy is an...
-
An inchoate crime is one that is partial, unfinished, or begun and not completed. Inchoate crimes include attempt, conspiracy, and solicitation. Criminal attempt is an adjunct crime, meaning it...
-
Draw the long-run aggregate supply curves for successive long-run equilibriums with a potential growth rate of real GDP at 2.5 to 3.0 percent per year. What is the sustainable growth rate of output...
-
Several months have passed and the Managing Partner approved and properly filed the Complaint and properly submitted the Request for Production of Documents that you drafted. In fact, it has been 75...
-
Why do you think organisations bother with the two returns accounts? Why don't they just debit sales returned to the sales account and credit purchases returned to the purchases account?
-
Consider the following chart. a. What is this chart called? b. How many observations are in the study? c. What are the maximum and the minimum values? d. Around what values do the observations tend...
-
Listed below are the 2012-2017 Census Bureau estimates of median household income for the 50 states, the District of Columbia, and Puerto Rico. https://www.census.gov/programs-surveys/acs/ . Use a...
-
Refer to the following diagram. a. What is the graph called? b. Estimate the median, and first and third quartile values. c. Is the distribution positively skewed? Tell how you know. d. Are there any...
-
The following information relates to production activities of Mercer Manufacturing for the year. Actual direct materials used 16,800 pounds at $4.45 per pound Actual direct labor used 17,435 hours at...
-
The bond market is the largest global financial market. Corporations, municipalities, and governments need to raise funds constantly, and debt is one of the easiest and cheapest ways to do it. Equity...
-
Elbow Bend Hotel Rooms Information Total Rooms=100 Deluxe room=40 Executive rooms= 50 Suites= 10 Suites are 100% sold every month and the other two categories split the rest of the rooms sold...
Study smarter with the SolutionInn App