A real estate agency with property all throughout the Midwest is interested in home prices within the state of Michigan.The average price of a simple random sample of residential properties in the Upper Peninsula is compared to the average price of a simple random sample of residential properties in the Lower Peninsula.From the collected data,2440 resamples without replacement are taken.The distribution of the difference in means based on the resamples is shown below (in thousands of dollars). The observed difference in sample mean prices is $300,000.What is the estimate of the P-value?
A)3/2440
B)3/2439
C)4/2440
D)4/2441

Question

A real estate agency with property all throughout the Midwest is interested in home prices within the state of Michigan.The average price of a simple random sample of residential properties in the Upper Peninsula is compared to the average price of a simple random sample of residential properties in the Lower Peninsula.From the collected data,2440 resamples without replacement are taken.The distribution of the difference in means based on the resamples is shown below (in thousands of dollars).  The observed difference in sample mean prices is $300,000.What is the estimate of the P-value?
A)3/2440 
B)3/2439 
C)4/2440 
D)4/2441

Quizplus · Accepted Answer

The Answer of A real estate agency with property all throughout the Midwest is interested in home prices within the state of Michigan.The average price of a simple random sample of residential properties in the Upper Peninsula is compared to the average price of a simple random sample of residential properties in the Lower Peninsula.From the collected data,2440 resamples without replacement are taken.The distribution of the difference in means based on the resamples is shown below (in thousands of dollars).  The observed difference in sample mean prices is $300,000.What is the estimate of the P-value?
A)3/2440 
B)3/2439 
C)4/2440 
D)4/2441

A Real Estate Agency with Property All Throughout the Midwest