A real estate agent compares the selling prices of homes in two suurbs of Seattle to see whether there is a significant difference in price. The results of the study are shown below.
Suburb 1 Suburb 2
$5,602 , $4,731
Find the p-value for the test and round to 4 significant decimal places.
2.Using the data in Question 10, find the 99% confidence interval for the difference in means. Put your answers in (a, b) form and round to 3 significant decimals.
3.Using the data from Question 6, what is the 95% confidence interval for the true difference in means. Put your answers in interval form, i.e. (a, b) and round your answers to 3 decimal places.
Recently Asked Questions
- What is the rate of return for an investor who pays $1,054.47 for a three-year bond with a 7% coupon and sells the bond one year later for $1,037.19? Assume
- ome companies are associated with larger-than-life founders or CEOs. Take, for example, Apple Computers and Steve Jobs or Virgin and Richard Branson. To what
- How does an understanding of leadership styles behavior lead to organizational effectiveness and efficiency?