Question: A real estate agent claims that there is no difference between the mean household incomes of two neighborhoods. The mean income of 12 randomly selected

A real estate agent claims that there is no difference between the mean household incomes of two neighborhoods. The mean income of 12 randomly selected households from the first neighborhood was $32,750 with a standard deviation of $1,900. In the second neighborhood, 10 randomly selected households had a mean income of $31,200 with a standard deviation of $1,825. At a = 0.01, can you reject the real estate agents claim? Assume the population variances are equal. Assume the samples are random and independent and the populations are normally distributed.

  • Find Ho and Ha:
  • test statistic:
  • left, right or two tailed:
  • P-Value:
  • two part conclusion:

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!