Question: We are interested in whether or not the average cost of a house in Canton, NY (the hometown of the Lock family) is significantly different
We are interested in whether or not the average cost of a house in Canton, NY (the hometown of the Lock family) is significantly different from the national average of $265,000. Table 6.5 and the histogram in Figure 6.19 show the cost (in thousands of dollars) of a sample of 10 houses for sale in Canton. These prices are stored in HomesForSaleCanton. Do the appropriate test to determine if the sample provides evidence that the average price of a house in Canton is different from the national average.
Table 6.5
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Figure 6.19
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Canton 169 299 325 75 89 105 59 110 168 69 2. 50 100 150 200 250 300 350 Prices Canton 3 4.
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The tdistribution might not be appropriate since the sample size of 10 houses is quite sm... View full answer
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