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Q) Big Deal Real Estate surveyed prices per square foot in the valley and foothills of Hoke-a-mo, Utah. Based on BD's are prices per square foot equal at α= 0.01
a) 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 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 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 ( I came up with this answer-is this corrrect?)
c) 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
d) 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
Valley
109
116
106
157
147
105
173
153
137
110
Foothills
103
182
184
133
243
158
247
221
175
197
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