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 330 345 452 270 298 286 537 744 Employee 317 350 473 280 307 283 523 769 Click here for the Excel Data File (a) Choose the appropriate hypotheses. Assume d = company assessed value – employee assessed value. multiple choice 1 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 (c-2) What is your conclusion? We (Click to select) reject fail to reject the null hypothesis.

Name: A certain company will purchase the house of any employee who is trans
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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

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	330	345	452	270	298	286	537	744
Employee	317	350	473	280	307	283	523	769

Click here for the Excel Data File

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

multiple choice 1

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

(c-2) What is your conclusion?

We   (Click to select)   reject   fail to reject   the null hypothesis.

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