
MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
expand_more
expand_more
format_list_bulleted
Question

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

This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution
Trending nowThis is a popular solution!
Step by stepSolved in 3 steps with 1 images

Knowledge Booster
Similar questions
- Incorrect An engineer designed a valve that will regulate water pressure on an automobile engine. The engineer designed the valve such that it would produce a mean pressure of 6.6 pounds/square inch. It is believed that the valve performs above the specifications. The valve was tested on 120 engines and the mean pressure was 6.8 pounds/square inch. Assume the variance is known to be 1.00. A level of significance of 0.05 will be used. Determine the decision rule. Enter the decision rule. Answer E Tables E Keypad How to enter your answer Keyboard Shortcuts Reject Ho if z> Tutor Skip Try Similar Submit Ansgr O 2020 Hawkes Learning MacBook Air 888 esc F1 #3 %23 & + 1 5 8 delete Q W R T Y U tab A S D G H K return caps lock C V B N M shift shift control option command command optionarrow_forwardAn engineer designed a valve that will regulate water pressure on an automobile engine. The engineer designed the valve such that it would produce a mean pressure of 5.5 pounds/square inch. It is believed that the valve performs above the specifications. The valve was tested on 24 engines and the mean pressure was 5.7 pounds/square inch with a variance of 0.49. A level of significance of 0.01 will be used. Assume the population distribution is approximately normal. Make the decision to reject or fail to reject the null hypothesis. Dainarrow_forward(b) Compute the value of the test statistic. Round the answer to at least three decimal places.arrow_forward
- The variance in a production process is an importance measure of the quality of the process. A large variance often signals an opprotunity for improvement in the process by finding ways to reduce the process variance. The conduct a statistical test to determine whether there is a significant differeence between the variance in the bag weights for two machines. Use a 0.05 level of significance. What is your conclusion? Which machine, if either, provides the greater opportunity for quality improvements? Machine 1 Machine 2 2.95 3.22 3.45 3.30 3.50 3.34 3.75 3.28 3.48 3.29 3.26 3.25 3.33 3.30 3.20 3.27 3.16 3.38 3.20 3.34 3.22 3.35 3.38 3.19 3.90 3.35 3.36 3.05 3.25 3.36 3.28 3.28 3.20 3.30 3.22 3.28 2.98 3.30 3.45 3.20 3.70 3.16 3.34 3.33 3.18 3.35 3.12 Please use excelarrow_forwardAn engineer designed a valve that will regulate water pressure on an automobile engine. The engineer designed the valve such that it would produce a mean pressure of 5.5 pounds/square inch. It is believed that the valve performs above the specifications. The valve was tested on 24 engines and the mean pressure was 5.7 pounds/square inch with a variance of 0.49. A level of significance of 0.01 will be used. Assume the population distribution is approximately normal. Make the decision to reject or fail to reject the null hypothesis.arrow_forwardMean = 5.2 Median=3 Mode= 2 Graph what the distribution would look like. Is it normally distributed? If not, how is it skewed and what might cause this type of skew to the distribution?arrow_forward
arrow_back_ios
arrow_forward_ios
Recommended textbooks for you
- MATLAB: An Introduction with ApplicationsStatisticsISBN:9781119256830Author:Amos GilatPublisher:John Wiley & Sons IncProbability and Statistics for Engineering and th...StatisticsISBN:9781305251809Author:Jay L. DevorePublisher:Cengage LearningStatistics for The Behavioral Sciences (MindTap C...StatisticsISBN:9781305504912Author:Frederick J Gravetter, Larry B. WallnauPublisher:Cengage Learning
- Elementary Statistics: Picturing the World (7th E...StatisticsISBN:9780134683416Author:Ron Larson, Betsy FarberPublisher:PEARSONThe Basic Practice of StatisticsStatisticsISBN:9781319042578Author:David S. Moore, William I. Notz, Michael A. FlignerPublisher:W. H. FreemanIntroduction to the Practice of StatisticsStatisticsISBN:9781319013387Author:David S. Moore, George P. McCabe, Bruce A. CraigPublisher:W. H. Freeman

MATLAB: An Introduction with Applications
Statistics
ISBN:9781119256830
Author:Amos Gilat
Publisher:John Wiley & Sons Inc

Probability and Statistics for Engineering and th...
Statistics
ISBN:9781305251809
Author:Jay L. Devore
Publisher:Cengage Learning

Statistics for The Behavioral Sciences (MindTap C...
Statistics
ISBN:9781305504912
Author:Frederick J Gravetter, Larry B. Wallnau
Publisher:Cengage Learning

Elementary Statistics: Picturing the World (7th E...
Statistics
ISBN:9780134683416
Author:Ron Larson, Betsy Farber
Publisher:PEARSON

The Basic Practice of Statistics
Statistics
ISBN:9781319042578
Author:David S. Moore, William I. Notz, Michael A. Fligner
Publisher:W. H. Freeman

Introduction to the Practice of Statistics
Statistics
ISBN:9781319013387
Author:David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:W. H. Freeman