# Question: Residents of neighboring towns in a state in the United

Residents of neighboring towns in a state in the United States have an ongoing disagreement over who lays claim to the higher average price of a single-family home. Since you live in one of these towns, you decide to obtain a random sample of homes listed for sale with a major local realtor to investigate if there is actually any difference in the average home price.

a) Using the data provided on the CD, check the conditions for this test.

b) Write the null and alternative hypotheses for this test.

c) Test the hypothesis and find the P-value.

d) What is your conclusion?

a) Using the data provided on the CD, check the conditions for this test.

b) Write the null and alternative hypotheses for this test.

c) Test the hypothesis and find the P-value.

d) What is your conclusion?

**View Solution:**## Answer to relevant Questions

Residents of one of the towns discussed in Exercise 67 claim that since their town is much smaller, the sample size should be increased. Instead of random sampling 30 homes, you decide to sample 42 homes from the database to ...In Exercise 71, we saw summary statistics for 10 drivers’ car insurance premiums quoted by a local agent and an online company. Here are displays for each company’s quotes and for the difference (Local – Online): a) ...Using the data in Exercise 4, test the hypothesis that the mean number of page views from the two websites is the same. You may assume that the number of page views from each website follow a Normal distribution. a) ...Using the data in Exercise 2, and assuming that the data come from a distribution that is normally distributed, a) Find a 95% confidence interval for the mean difference in page views from the two websites. b) Is 0 within ...A supermarket chain wants to know if their “buy one, get one free” campaign increases customer traffic enough to justify the cost of the program. For each of 10 stores they select two days at random to run the test. For ...Post your question