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:
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