Represent the true average price of apartments

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You wish to compare the prices of apartments in two neighboring towns. You take a simple random sample of 12 apartments in town A and calculate the average price of these apartments. You repeat this for 15 apartments in town B. Let μ1 represent the true average price of apartments in town A and μ2 the average price in town B.

What would be the hypotheses for this problem?

Reference no: EM132173840

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