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There have been complaints recently from homeowners in the north end claiming that their homes have been assessed at values that are too high compare with other parts of town. They say that the mean increase from last year to this year has been higher in their part of town than elsewhere. To test this, the assessor's office staff plans to select a random sample of north end properties (group 1) and a random sample of properties from other areas within the city (group 2) and perform a hypothesis test. The following sample information is available: Assuming that the null hypothesis will be tested using an alpha level equal to 0.05, what is the value of the test statistic?
Cent
A unit of currency equal to one hundredth of various countries’ basic units, often symbolized by a small coin.
Accurate
The quality of being close to the true or correct value, without significant error or distortion.
Cent
A unit of currency equaling one-hundredth of various currencies, including the US dollar and the Euro.
Significant Figures
The digits in a number that are meaningful in terms of accuracy or precision, typically used in scientific measurements.
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