A real estate agent in the coastal Georgia wants to compare the variation of the selling price of the homes on the oceanfront and those that are three blocks from the ocean. A sample of 21 oceanfront homes sold within the last year revealed the standard deviation of the selling prices was $45,600. A sample of 18 homes, also sold within the last year, those three blocks from the ocean had a standard deviation was $21,300. At the 0.01 significance level, can we conclude there is a more variation of the homes by the oceanfront?
Get Answers For Free
Most questions answered within 1 hours.