The amount of income spent on housing is an important

Assignment Help Basic Statistics

Reference no: EM13240553

The amount of income spent on housing is an important component of the cost of living. The total costs of housing for homeowners might include mortgage payments, property taxes and utility costs (water, heat and electricity). An economist selected a sample of 20 homeowners in New England and then calculated these total housing costs as a percent of monthly income, five years ago and now. The information is reported below. Is it reasonable to conclude the percent is less now than five years ago.

Homeowner Five Years ago Now

1 17 10

2 20 39

3 29 37

4 43 27

5 36 12

6 43 41

7 45 24

8 19 26

9 49 28

10 49 26

11 35 32

12 16 32

13 23 21

14 33 12

15 44 40

16 44 42

17 28 22

18 29 19

19 39 35

Reference no: EM13240553

Questions Cloud

Find the area of the leaf in square meters : Gold, which has a mass of 19.32 g for each cubic centimeter of volume, is the most ductile metal and can be pressed into a thin leaf or drawn out into a long fiber, what is the area of the leaf in square meters

Does the breakfast revenue seem to increase as the number : Does the breakfast revenue seem to increase as the number of occupied rooms increases? Draw a scatter diagram to support your conclusion.

Voluntary repatriation – total repatriation : Establish a proper relationship between the items in each group. Explain first what the items have in common. Second, explain the individual significance of each item within the context of the period under study

Explain what mass of isopropyl alcohol : What mass of isopropyl alcohol (C3H8O) in grams can be melted when a sample absorbs 1575 kJ of heat at its melting point? (Isopropyl alcohol: ?Hfus = 5.37 kJ/mol)

The amount of income spent on housing is an important : The amount of income spent on housing is an important component of the cost of living. The total costs of housing for homeowners might include mortgage payments

Prepare a set of reorganized financial statements : Prepare a set of reorganized financial statements. To assure consistency, the reorganized financial statements should reconcile.

Martin motors has in stock three cars of the same make and : Martin Motors has in stock three cars of the same make and model. The president would like to compare the gas consumption of the three cars (labeled car A, car B, and car C) using four different types of gasoline. For each trial, a gallon of gasoline..

Decline of slave trade-development of long-distance trade : Explain the relationship between the decline of the slave trade, the rise of “legitimate” trade, and the development of long-distance trade in Central Africa.

Explain the heat of fusion for water : How much energy is released when 32.4 g of water freezes? The heat of fusion for water is 6.02 kJ/mol

User Account

All Pages