Question
A real estate agent compares the selling prices of homes in Calgary and Edmonton to see...
A real estate agent compares the selling prices of
homes in Calgary and Edmonton to see if there is a difference in
price. For a sample of 35 homes in Calgary, the average was
$358,103. For a sample of 40 homes in Edmonton, the average was
$303,304. If the standard deviation for all homes in Calgary and
Edmonton are $21,471 and $14,636, respectively, is there
significant evidence at α=0.01
that the average price is higher in Calgary?
Hypothesis Test (Four steps):
Homework Answers
Answer #1
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