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TABLE 10-4
a Real Estate Company Is Interested in Testing

question 167

Multiple Choice

TABLE 10-4
A real estate company is interested in testing whether, on average, families in Gotham have been living in their current homes for less time than families in Metropolis have. 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: XˉG=35 months, sG2=900 Metropolis: XˉM=50 months, sm2=1050\text { Gotham: } \bar{X} _ { G } = 35 \text { months, } s _G ^ { 2 } = 900 \quad \text { Metropolis: } \bar{X} _ { M } = 50 \text { months, } \mathrm { sm } ^ { 2 } = 1050
-Referring to Table 10-4, what is(are) the critical value(s) of the relevant hypothesis test if the level of significance is 0.05?


Definitions:

Pro Forma Net Income

An estimate of a company's net income excluding non-recurring items, projecting future earnings based on certain assumptions or adjustments.

Profit Margin

A profitability ratio calculated as net income divided by revenue, showing the percentage of revenue that remains as profit after expenses.

Sales Increase

Refers to the rise in the amount of goods or services sold by a company over a specific period, showcasing business growth.

Cash Dividends

Payments made by a company from its earnings to its shareholders in the form of cash.

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