Question: 1. state the null hypothesis and alternative hypothesis. Identify the claim 2. Identify the test statistic to be used and state a level of significance,

1. state the null hypothesis and alternative hypothesis. Identify the claim

2. Identify the test statistic to be used and state a level of significance, a

3. Compute the test statistic

4. Formulate the decision rule and state the finding. Make a decision.

1. state the null hypothesis and alternative hypothesis. Identify the claim2. Identify

A real estate agent compares the selling price of townhouses in two major cities in National Capital Region to see if there is a difference in price. The results of the study are shown. Is there enough evidence to reject the claim that the average price of a townhouse in Quezon City is higher than Makati City? Use a = 0.05. Quezon City Makati City X1 = P2, 140,000 X2 = P1,970,000 $1 = P226,000 $2 = P243,000 n1 = 47 n2 = 45 t-Test for Two Independent Samples

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!

1. state the null hypothesis and alternative hypothesis. Identify the claim if it's the null or alternative 2. Identify the test statistic to be used and state a level of significance, a 3. Compute...

There are two pics so you can see the whole question! c) Suppose 15 students are selected at random. What is the fall between 21 and 23 pounds? 11 pts total d) A company who sells bookbags would like...

1. state the null hypothesis and alternative hypothesis. Identify the claim 2. Identify the test statistic to be used and state a level of significance, a 3. Compute the test statistic 4. Formulate...

My question is what is the p value at .05 significance level or 95% confidence level? Use a z-test. Explanation: This is a hypothesis test for the population proportion. Use a z-test.The procedure is...

7b.) According to the 2010 US. Census, 11.7% of the people in the state of Oregon were Hispanic or Latino. A political party wants to know how much impact the Hispanic and Latino vote will have, and...

MBA622 Syllabus Individual Work: Assignment 5 Resources Needed: \u0001 \u0001 \u0001 \u0001 Textbook: Review Chapters Software: Use Microsoft Excel to compute statistics and create tables, charts,...

Question 2 (40 marks) You are conducting an econometric investigation into the effect on house prices of proximity to a power plant, which presumably generates negative externalities for homeowners...

You are conducting an econometric investigation into the effect on house prices of proximity to a power plant, which presumably generates negative externalities for homeowners and others located...

Write a number from 1 to 5 to put the 5 steps of Hypothesis Testing in the correct order Answer Formulate the Decision Rule Answer State the Null Hypothesis (H0) and the Alternative Hypothesis (H1)...

Home Depot, Inc.s income statements for 2007, 2008, and 2009 show basic earnings per share of $2.38, $1.34, and $1.58, respectively. Diluted earnings per share figures are slightly lower than these...

1. Which of the following mentioned standard Probability density functions is applicable to discrete Random Variables? Rayleigh Distribution O Exponential Distribution Poisson Distribution O Gaussian...

Problem 1 : An MDP Episode ( 2 5 points ) In this part of the assignment, we are going to play an episode in an MDP by following a given policy. Consider the first test case of problem 1 ( available...

operation research.....ans wants in hurry Q4.(a) Suppose the initial basic feasible solutions for the following (3 x 3) transportation model with the given supply, demand and transportation cost per...

1. Discuss the following statements: a) Local links generate collective behaviours. b) An unfamiliar system will be described as chaotic by the ignorant. c) When we see that something is happening,...

2. In this chapter, the reader should reflect on the following concepts: Linear relationships, circular relationships, patterns, critical variables and sociological laws.

2. As your starting point, take a situation at your workplace that often recurs, and answer the following questions: (a) Which elements are included? (b) How are the elements related to each other?...