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A real estate agent believes that the values of houses in the neighborhood she works in have increased from last year. To test this claim, she selects random houses in this neighborhood and compares their estimated market values in the current year to their estimated market values in the previous year. Suppose that data were collected for a random sample of 8 houses, where each difference is calculated by subtracting the market value of the previous year from the market value of the current year. Assume that the values are normally distributed. Identify the critical value(s) of the t-test statistic, where α-0.05. Use a comma and a space to separate answers as needed 0.01 Probability Degrees of Freedom 5 6 0.10 0.05 0.025 0.005 1.476 1.440 1.415 1.397 1.383 1.372 1.363 1.356 1.350 1.345 1.341 2.015 1.943 1.895 1.860 1.833 1.812 1.796 1.782 2.571 2.447 2.365 2.306 2.262 2.228 2.201 2.179 2.160 2.145 2.131 3.365 3.143 2.998 2.896 2.821 2.764 2.718 2.681 2.650 2.624 2.602 4.032 3.707 3.499 3.355 3.250 3.169 3.106 3.055 3.012 2.977 2.947 1.761 1.753

A real estate agent believes that the values of houses in the neighborhood she works in have increased from last year. To test this claim, she selects random houses in this neighborhood and compares their estimated market values in the current year to their estimated market values in the previous year. Suppose that data were collected for a random sample of 8 houses, where each difference is calculated by subtracting the market value of the previous year from the market value of the current year. Assume that the values are normally distributed. Identify the critical value(s) of the t-test statistic, where α-0.05. Use a comma and a space to separate answers as needed 0.01 Probability Degrees of Freedom 5 6 0.10 0.05 0.025 0.005 1.476 1.440 1.415 1.397 1.383 1.372 1.363 1.356 1.350 1.345 1.341 2.015 1.943 1.895 1.860 1.833 1.812 1.796 1.782 2.571 2.447 2.365 2.306 2.262 2.228 2.201 2.179 2.160 2.145 2.131 3.365 3.143 2.998 2.896 2.821 2.764 2.718 2.681 2.650 2.624 2.602 4.032 3.707 3.499 3.355 3.250 3.169 3.106 3.055 3.012 2.977 2.947 1.761 1.753

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
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A real estate agent believes that the values of houses in the neighborhood she works in have increased from last year. To test this claim, she selects random houses in this neighborhood and compares their estimated market values in the current year to their estimated market values in the previous year. Suppose that data were collected for a random sample of 8 houses, where each difference is calculated by subtracting the market value of the previous year from the market value of the current year. Assume that the values are normally distributed. Identify the critical value(s) of the t-test statistic, where α-0.05. Use a comma and a space to separate answers as needed 0.01 Probability Degrees of Freedom 5 6 0.10 0.05 0.025 0.005 1.476 1.440 1.415 1.397 1.383 1.372 1.363 1.356 1.350 1.345 1.341 2.015 1.943 1.895 1.860 1.833 1.812 1.796 1.782 2.571 2.447 2.365 2.306 2.262 2.228 2.201 2.179 2.160 2.145 2.131 3.365 3.143 2.998 2.896 2.821 2.764 2.718 2.681 2.650 2.624 2.602 4.032 3.707 3.499 3.355 3.250 3.169 3.106 3.055 3.012 2.977 2.947 1.761 1.753
Transcribed Image Text:A real estate agent believes that the values of houses in the neighborhood she works in have increased from last year. To test this claim, she selects random houses in this neighborhood and compares their estimated market values in the current year to their estimated market values in the previous year. Suppose that data were collected for a random sample of 8 houses, where each difference is calculated by subtracting the market value of the previous year from the market value of the current year. Assume that the values are normally distributed. Identify the critical value(s) of the t-test statistic, where α-0.05. Use a comma and a space to separate answers as needed 0.01 Probability Degrees of Freedom 5 6 0.10 0.05 0.025 0.005 1.476 1.440 1.415 1.397 1.383 1.372 1.363 1.356 1.350 1.345 1.341 2.015 1.943 1.895 1.860 1.833 1.812 1.796 1.782 2.571 2.447 2.365 2.306 2.262 2.228 2.201 2.179 2.160 2.145 2.131 3.365 3.143 2.998 2.896 2.821 2.764 2.718 2.681 2.650 2.624 2.602 4.032 3.707 3.499 3.355 3.250 3.169 3.106 3.055 3.012 2.977 2.947 1.761 1.753
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