Question
If a random sample of 23 homes south of a town has a mean selling price...
If a random sample of 23 homes south of a town has a mean selling price of $144,925 and a standard deviation of $4575, and a random sample of 17 homes north of a town has a mean selling price of $148,475 and a standard deviation of $5950, can you conclude that there is a significant difference between the selling price of homes in these two areas of the town at the 0.05 level? Assume normality.
(a) Find t. (Round your answer to two decimal
places.)
(ii) Find the p-value. (Round your answer to four decimal
places.)
Homework Answers
Answer #1
t test hypothesis for difference of means.
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