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BigDeal Real Estate surveyed prices per square foot in the valley...

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BigDeal Real Estate surveyed prices per square foot in the valley...

BigDeal Real Estate surveyed prices per square foot in the valley and foothills of Hoke-a-mo, Utah. Based on BD's DATA, are prices per square foot equal at α = 0.01?

Valley

Foothills

109

103

116

182

106

184

157

133

147

243

105

158

173

247

153

221

137

175

110

197

A) The critical value is 2.977 since this is a two-tail scenario. The test statistic is 3.207.  Since the test statistic > the critical value, the test statistic does lie in the area of rejection.  Reject the null hypothesis.  The prices per square foot are not equal at alpha = .01

 

B) The critical value is 2.977 since this is a two-tail scenario. The test statistic is 1.936.  Since the test statistic < the critical value, the test statistic does not lie in the area of rejection.  Do not reject the null hypothesis.  The prices per square foot are equal at alpha = .01

 

C) The critical value is 2.977 since this is a two-tail scenario. The test statistic is 1.513.  Since the test statistic < the critical value, the test statistic does not lie in the area of rejection.  Do not reject the null hypothesis.  The prices per square foot are equal at alpha = .01

 

D) The critical value is 2.977 since this is a two-tail scenario. The test statistic is 2.239.  Since the test statistic < the critical value, the test statistic does not lie in the area of rejection.  Do not reject the null hypothesis.  The prices per square foot are equal at alpha = .01
 

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Answered by MagistrateMusic10854 on coursehero.com

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