In a report, use the sample information to

1. Calculate and interpret relevant summary measures for California home prices in these two regions.

2. Explain why the t test for comparing means from independent samples might be inappropriate in this case.

3. Use the Wilcoxon rank-sum test to determine whether the median home price in Southern California is greater than the median home price in the Inland Empire.

In order to analyze differences in home prices between coastal and inland areas in California, an economist gathers 20 recent home sales (in $1,000s) in Southern California and 20 recent home sales (in $1,000s) in the Inland Empire. A portion of the results are shown in the accompanying table.

Transcribed Image Text:

Inland Empire Home Southern California 618 367 691 386 2 20 1075 472