Find the P value for the following example. A data set {Xi} contains 100 house prices in Boston while {Yj} contains 200 house prices in MA. The variances of Boston and MA are known to be equal but a specific value is unknown. We want to test whether the mean house price of Boston is higher than the state mean price. The Boston sample mean and variance are 350K and (150K)2 while the MA sample mean and variance are 300K and (50K)2. Use α = 0.05 for the test.

Find the P value for the following example. A data set {Xi} contains 100 house prices in Boston while {Yj} contains 200 house prices in MA. The variances of Boston and MA are known to be equal but a specific value is unknown. We want to test whether the mean house price of Boston is higher than the state mean price. The Boston sample mean and variance are 350K and (150K)2 while the MA sample mean and variance are 300K and (50K)2. Use α = 0.05 for the test.

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

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter10: Statistics

Section10.4: Distributions Of Data

Problem 19PFA

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Question

Find the P value for the following example.
A data set {X_i} contains 100 house prices in Boston while
{Y_j} contains 200 house prices in MA. The variances of
Boston and MA are known to be equal but a specific
value is unknown. We want to test whether the mean
house price of Boston is higher than the state mean
price. The Boston sample mean and variance are 350K
and (150K)² while the MA sample mean and variance
are 300K and (50K)². Use α = 0.05 for the test.

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