MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
Bartleby Related Questions Icon

Related questions

Question
A real estate agent believes that the mean home price in the northern part of a county is higher than the mean
price in the southern part of the county and would like to test the claim. A simple random sample of housing
prices is taken from each region. The results are shown below.
Mean
Variance
Observations
Pooled Variance
Hypothesized Mean Difference
df
t Stat
P(T<=t) one-tail
t Critical one-tail
P(T<=t) two-tail
t Critical two-tail
Confidence Level
n = Ex: 9
Southern Northern
155.056 168.889
345.938 560.928
18
18
453.433
0
34
1.949
0.030
2.441
0.060
2.728
99%
-3
Ń
Degrees of freedom: df =
Point estimate for the southern part of the county: s=
Point estimate for the northern part of the county: N =
T
0
= Ex: 1.234
P = Ex: 1.234
2
t Ex: 1.234
expand button
Transcribed Image Text:A real estate agent believes that the mean home price in the northern part of a county is higher than the mean price in the southern part of the county and would like to test the claim. A simple random sample of housing prices is taken from each region. The results are shown below. Mean Variance Observations Pooled Variance Hypothesized Mean Difference df t Stat P(T<=t) one-tail t Critical one-tail P(T<=t) two-tail t Critical two-tail Confidence Level n = Ex: 9 Southern Northern 155.056 168.889 345.938 560.928 18 18 453.433 0 34 1.949 0.030 2.441 0.060 2.728 99% -3 Ń Degrees of freedom: df = Point estimate for the southern part of the county: s= Point estimate for the northern part of the county: N = T 0 = Ex: 1.234 P = Ex: 1.234 2 t Ex: 1.234
Expert Solution
Check Mark
Knowledge Booster
Background pattern image
Similar questions
Recommended textbooks for you
Text book image
MATLAB: An Introduction with Applications
Statistics
ISBN:9781119256830
Author:Amos Gilat
Publisher:John Wiley & Sons Inc
Text book image
Probability and Statistics for Engineering and th...
Statistics
ISBN:9781305251809
Author:Jay L. Devore
Publisher:Cengage Learning
Text book image
Statistics for The Behavioral Sciences (MindTap C...
Statistics
ISBN:9781305504912
Author:Frederick J Gravetter, Larry B. Wallnau
Publisher:Cengage Learning
Text book image
Elementary Statistics: Picturing the World (7th E...
Statistics
ISBN:9780134683416
Author:Ron Larson, Betsy Farber
Publisher:PEARSON
Text book image
The Basic Practice of Statistics
Statistics
ISBN:9781319042578
Author:David S. Moore, William I. Notz, Michael A. Fligner
Publisher:W. H. Freeman
Text book image
Introduction to the Practice of Statistics
Statistics
ISBN:9781319013387
Author:David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:W. H. Freeman