Question

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 beta= 0.01?

1. The critical value is 2.977 since this is a two-tail scenario. The test statustuc us 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 2. The critical value is 2.977 since this 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

3. 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

4. The critical value is 2.977 since this 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

Data Valley 109, 116, 106, 157, 147, 105, 173, 153, 137, 110..... Foothills 82, 161, 163, 112, 222, 137, 226, 200, 154, 176

Answer 1