# Question: The amount of income spent on housing is an important

The amount of income spent on housing is an important component of the cost of living. The total costs of housing for homeowners might include mortgage payments, property taxes, and utility costs (water, heat, electricity). An economist selected a sample of20 homeowners in New England and then calculated these total housing costs as a percent of monthly income, 5 years ago and now. The information is reported below. Is it reason-able to conclude the percent is less now than 5 yearsago?

## Answer to relevant Questions

The CVS Pharmacy located on US 17 in Murrells Inlet has been one of the busiest pharmaceutical retail stores in South Carolina for many years. To try and capture more business in the area, CVS top management opened another ...The following is a list of 24 Marco’s Pizza stores in Lucas County. The stores are identified by numbering them 00 through 23. Also noted is whether the store is corporate-owned (C) or manager-owned (M). A sample of four ...A population consists of the following five values: 2, 2, 4, 4, and 8.a. List all samples of size 2, and compute the mean of each sample.b. Compute the mean of the distribution of sample means and the population mean. ...A normal population has a mean of 75 and a standard deviation of 5. You select a sample of 40. Compute the probability the sample mean is:a. Less than 74.b. Between 74 and 76.c. Between 76 and 77.d. Greater than 77.The Appliance Center has six sales representatives at its North Jacksonville outlet. Listed below is the number of refrigerators sold by each last month.a. How many samples of size 2 are possible?b. Select all possible ...Post your question