Suppose that a realtor is interested in comparing the price of midrange homes in two cities in a Midwestern state.She conducts a small survey in the two cities looking at the price of midrange homes.Assume equal population variances. Test the claim at = .01 where the pooled variance = 4335357.143.
A)Can reject the null hypothesis
B)Cannot reject the null hypothesis

Question

Suppose that a realtor is interested in comparing the price of midrange homes in two cities in a Midwestern state.She conducts a small survey in the two cities looking at the price of midrange homes.Assume equal population variances.  Test the claim at  = .01 where the pooled variance = 4335357.143.
A)Can reject the null hypothesis 
B)Cannot reject the null hypothesis

Quizplus · Accepted Answer

Without knowing the sample means, we cannot determine if the difference in the price of midrange homes in the two cities is statistically significant or not. The choice of rejecting or not rejecting the null hypothesis depends on the sample means and confidence level used for the test.

Suppose That a Realtor Is Interested in Comparing the Price