Question

Due to a recent decline in the housing market, the national median sales price for single-family homes is $180,000 (The National Association of Realtors, January 2009). Assume that the following data were obtained from samples of recent sales of single-family homes in St. Louis and Denver.
a. Is the median sales price in St. Louis significantly lower than the national median of $180,000? Use a statistical test with α = .05 to support your conclusion.
b. Is the median sales price in Denver significantly higher than the national median of $180,000? Use a statistical test with α = .05 to support your conclusion.


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  • CreatedSeptember 20, 2015
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