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TABLE 10-3
A real estate company is interested in testing whether the mean time that families in Gotham have been living in their current homes is less than families in Metropolis.Assume that the two population variances are equal.A random sample of 100 families from Gotham and a random sample of 150 families in Metropolis yield the following data on length of residence in current homes.
Gotham: G = 35 months,
= 900 Metropolis:
M = 50 months,
= 1050
-Referring to Table 10-3,what is(are) the critical value(s) of the relevant hypothesis test if the level of significance is 0.05?
Percentile
A statistical value that indicates the relative standing of a data point within a dataset, often used to compare individual scores to a broader population.
Mean
The arithmetic average of a set of numbers, calculated by adding all the numbers together and then dividing by the count of those numbers.
Reliable
The quality of being consistently good in quality or performance; trustworthy.
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