Question: (Please provide a breakdown and describe/show step by step details on how you arrived the answers so I can learn - thanks) QUESTION: HGTV Real
(Please provide a breakdown and describe/show step by step details on how you arrived the answers so I can learn - thanks)
QUESTION: HGTV Real Estate surveyed prices per square foot in the valley and foothills of Tennessee, NC. Based on HGTV's DATA (see below - columns, "Valleys" and "Foothills"), are prices per square foot equal at 0.01?
(Note: Is this paired data (2 measurements dependent on the unit of observation), or data
from 2 independent populations? )
A) The critical value is 2.977 since this is a two-tail scenario. The test statistic is 1.513. Since the test statistic < the critical value, the test statistic does not lie in the area of rejection. Do not reject the null hypothesis. The prices per square foot are equal at alpha = 0.01
B) The critical value is 2.977 since this is a two-tail scenario. The test statistic is 1.936. Since the test statistic < the critical value, the test statistic does not lie in the area of rejection. Do not reject the null hypothesis. The prices per square foot are equal at alpha = 0.01
C) The critical value is 2.977 since this is a two-tail scenario. The test statistic is 2.239. Since the test statistic < the critical value, the test statistic does not lie in the area of rejection. Do not reject the null hypothesis. The prices per square foot are equal at alpha = 0.01
D) The critical value is 2.977 since this is a two-tail scenario. The test statistic is 3.207. Since the test statistic > the critical value, the test statistic does lie in the area of rejection. Reject the null hypothesis. The prices per square foot are not equal alpha = 0.01
DATA:
Valley Foothills
109 82
116 161
106 163
157 112
147 222
105 137
173 226
153 200
137 154
110 176
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