Question: 23. Hypothesis test for the difference in house values, Below are market values (in thousands of dollars) of randomly sefected homes an Long Beach Isiand

23. Hypothesis test for the difference in house
23. Hypothesis test for the difference in house values, Below are market values (in thousands of dollars) of randomly sefected homes an Long Beach Isiand and New Jersey. Use a 0.05 signiticance level to test a reol estate agent's cfaim that houses with an ocean view (located on the beach) are worth more than houses that are next to the ocean, not directly on the beach. Since there are onify five values in each sample, can we reaily conclude that houses with ocean views are worth more? \begin{tabular}{l|c|c|c|c|c|c|} \hline Seaview & 2199 & 3750) & 1725 & 2308 & 2799 \\ \hline & 700 & 1355795 & 1575 & 759 \end{tabular}

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