The website www.domain.com.au lists houses for sale in Australia. The asking prices of established houses with 4

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The website www.domain.com.au lists houses for sale in Australia. The asking prices of established houses with 4 bedrooms, 2 bathrooms and 2 car spaces for sale in August 2009 in Bundaberg (central and adjoining suburbs), Queensland 4670 and Gympie, Queensland 4570 are given in the table (in thousands of dollars). All listings have been accounted for and duplicate listings by different real estate agents have been removed; therefore, the data constitute the population. Listings without a proper address or asking price have been excluded. Assuming normality:

(a) test the hypothesis that the mean house prices in the two Queensland cities are not significantly different; use ? = 0.05

(b) construct a 95% confidence interval for the difference between mean house prices in Bundaberg and Gympie.

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Related Book For  answer-question

Business Analytics And Statistics

ISBN: 9780730363330

1st Edition

Authors: Ken Black, John Asafu Adjaye, Paul Burke, Nelson Perera, Carl Sherwood, Saleh A. Wasimi

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