In an article published in The Journal News (Hamilton, Ohio) on February 21, 1993, Lew Sichelman (United
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Despite a relatively weak market, housing prices moved slightly higher last year.
Table 18.16 gives the average 1991 and 1992 prices for new and used homes (in thousands of dollars) for six randomly selected U.S. housing markets. Use a nonparametric test to attempt to show that housing prices increased from 1991 to 1992. Use a = .05 and explain your conclusion.
TABLE 18.16
1991 and 1992 Average Prices for New and Used Homes (in Thousands of Dollars) for Six Randomly Selected Housing Markets
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Related Book For
Business Statistics In Practice
ISBN: 9780073401836
6th Edition
Authors: Bruce Bowerman, Richard O'Connell
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