Homework Help is Here – Start Your Trial Now!
Math
Statistics
2006 prices 2004 prices Мean 185.92 210.40 Variance 12834.49 17182.26 Observations 102 102 t Stat P(T

2006 prices 2004 prices Мean 185.92 210.40 Variance 12834.49 17182.26 Observations 102 102 t Stat P(T

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter11: Data Analysis And Probability
Section: Chapter Questions
Problem 8CR
See similar textbooks
icon
Related questions
Question
Using US Census data, a researcher compared home prices (in thousands of dollars) in the same 102 Metropolitan Statistical Areas (MSAS) between 2004 and 2006. Her hypothesis is that the 2006 prices will be less than the 2004 prices due to the collapse of the “bubble" in the housing market in 2005. The result of the analysis in Data Analysis is shown below: 图 2006 prices 2004 prices Mean 185.92 210.40 Variance 12834.49 17182.26 Observations df t Stat P(T<=t) one-tail t Critical one-tail P(T<=t) two-tail t Critical two-tail 102 102 5.15041E-17 2.3638 1.03008E-16 2.6254 9. Using the data output shown above, what conclusion can you draw from this analysis at a = .01? A. Home prices were significantly less in 2006 than in 2004; the Ho is rejected. B. There is no significant difference in time in home prices; the Ho is not rejected. C. Home pricas were significantly greater in 2006 than in 2004; the Họ is rejected. D. There is insufficient information for a decision on the Ho.
Transcribed Image Text:Using US Census data, a researcher compared home prices (in thousands of dollars) in the same 102 Metropolitan Statistical Areas (MSAS) between 2004 and 2006. Her hypothesis is that the 2006 prices will be less than the 2004 prices due to the collapse of the “bubble" in the housing market in 2005. The result of the analysis in Data Analysis is shown below: 图 2006 prices 2004 prices Mean 185.92 210.40 Variance 12834.49 17182.26 Observations df t Stat P(T<=t) one-tail t Critical one-tail P(T<=t) two-tail t Critical two-tail 102 102 5.15041E-17 2.3638 1.03008E-16 2.6254 9. Using the data output shown above, what conclusion can you draw from this analysis at a = .01? A. Home prices were significantly less in 2006 than in 2004; the Ho is rejected. B. There is no significant difference in time in home prices; the Ho is not rejected. C. Home pricas were significantly greater in 2006 than in 2004; the Họ is rejected. D. There is insufficient information for a decision on the Ho.
Expert Solution
steps

Step by step

Solved in 2 steps with 1 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Recommended textbooks for you
Holt Mcdougal Larson Pre-algebra: Student Edition…
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL
SEE MORE TEXTBOOKS