Question: I still had the wrong information A certain company will purchase the house of any employee who is transferred out of state and will handle

I still had the wrong information

A certain company will purchase the house of any employee who is transferred out of state and will handle all details of reselling the house. The purchase price is based on two assessments, one assessor being chosen by the employee and one by the company. Based on the sample of eight assessments shown, do the two assessors agree? Use the .10 level of significance.

Assessments of Eight Homes ($ thousands)Assessed byHome 1Home 2Home3Home 4Home 5Home 6Home 7Home 8Company329344454273293280538742Employee317346473290302286546776

Click here for the Excel Data File

(b)State the decision rule for .10 level of significance.(Round your answers to 2 decimal places. A negative value should be indicated by a minus sign.)

Reject the null hypothesis iftcalctcalc>.

(c-1)Find the test statistictcalc.(Round your answer to 2 decimal places. A negative value should be indicated by a minus sign.)

tcalc

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!