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 .01 level of significance. Assessments of Eight Homes ($ thousands)Assessed byHome 1Home 2Home 3Home 4Home 5Home 6Home 7Home 8Company328350455278290285535745Employee318345470285310280525765 a) Choose the appropriate hypotheses. Assume d = company assessed value – employee assessed value. H0: μd = 0 versus H1: μd ≠ 0.H0: μd ≠ 0 versus H1: μd = 0. (b) State the decision rule for .01 level of significance. (Round your answers to 2 decimal places. A negative value should be indicated by a minus sign.) Reject the null hypothesis if tcalc < or tcalc > . (c-1) Find the test statistic tcalc. (Round your answer to 2 decimal places. A negative value should be indicated by a minus sign.) tcalc

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Description: 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 com

(a) The provided table can be tabulated as: The alternative hypothesis suggests that the test is…

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Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter10: Statistics

Section: Chapter Questions

Problem 13PT

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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 .01 level of significance.

Assessments of Eight Homes ($ thousands)
Assessed by	Home 1	Home 2	Home 3	Home 4	Home 5	Home 6	Home 7	Home 8
Company	328	350	455	278	290	285	535	745
Employee	318	345	470	285	310	280	525	765

a) Choose the appropriate hypotheses. Assume d = company assessed value – employee assessed value.

H₀: μ_d = 0 versus H₁: μ_d ≠ 0.
H₀: μ_d ≠ 0 versus H₁: μ_d = 0.

(b) State the decision rule for .01 level of significance. (Round your answers to 2 decimal places. A negative value should be indicated by a minus sign.)

Reject the null hypothesis if t_calc < or t_calc > .

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

t_calc

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