Question : Can someone please help me with this statistics word problems? Show work.?
Hypothesis test for difference in Home values. Listed below are fair market values (in thousands of dollars) of randomly selected homes on Long Beach Island in New Jersey. Use a .005 significance level to test a realtor’s claim that oceanfront homes (directly on the beach) have greater value than Oceanside homes, which are not directly on the beach. Given that there are only five values in each sample, can we really conclude that oceanfront homes have a greater mean value?

Ocean Front: 2199 3750 1725 2398 2799
Oceanside: 700 1355 795 1575 759

H0: _________
Ha:__________

a= .05
Rejection Region_______________

Calc = 3.992
Formula is __________

Reject H0 or cannot reject H0?
Can we really conclude that oceanfront homes have a greater mean value?
long beach island realtors

Best answer:

Answer by asder_breaker
I did the answer in ms word. Still don’t know how to do write all those notations in yahoo answers. Just download the file, and you are good to go. What exactly is the Calc = 3.992? Hopefully the word document works.