Suppose that a realtor is interested in comparing the price of a starter home in two small cities.
The realtor conducts a small survey in the two cities looking at the price of starter homes.Assume equal population variances and normally distributed populations. $$\begin{array} { l r r }
& \text { City A } & { \text { City B } } \
\text { Sample Mean } & 86,900 & 84,000 \
\text { Sample Std Dev } & 2300 & 1750 \
\text { Sample Size } & 9 & 7
\end{array}$$
-Setup the null and alternative hypothesis to test the claim that there is a difference in the mean price of starter homes of the two cities.

Question

Suppose that a realtor is interested in comparing the price of a starter home in two small cities.
The realtor conducts a small survey in the two cities looking at the price of starter homes.Assume equal population variances and normally distributed populations. $$\begin{array} { l r r } 
& \text { City A } & { \text { City B } } \
\text { Sample Mean } & 86,900 & 84,000 \
\text { Sample Std Dev } & 2300 & 1750 \
\text { Sample Size } & 9 & 7
\end{array}$$
-Setup the null and alternative hypothesis to test the claim that there is a difference in the mean price of starter homes of the two cities.

Quizplus · Accepted Answer

The Answer of Suppose that a realtor is interested in comparing the price of a starter home in two small cities.
The realtor conducts a small survey in the two cities looking at the price of starter homes.Assume equal population variances and normally distributed populations. $$\begin{array} { l r r } 
& \text { City A } & { \text { City B } } \
\text { Sample Mean } & 86,900 & 84,000 \
\text { Sample Std Dev } & 2300 & 1750 \
\text { Sample Size } & 9 & 7
\end{array}$$
-Setup the null and alternative hypothesis to test the claim that there is a difference in the mean price of starter homes of the two cities.

Suppose That a Realtor Is Interested in Comparing the Price