TABLE 10-3 a Real Estate Company Is Interested in Testing Whether the Whether

question 19

Multiple Choice

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, SG² = 900 Metropolis: M = 50 months, SM² = 1050
-Referring to Table 10-3, suppose α = 0.10. Which of the following represents the result of the relevant hypothesis test?

• A) The alternative hypothesis is rejected.
• B) The null hypothesis is rejected.
• C) The null hypothesis is not rejected.
• D) Insufficient information exists on which to make a decision.

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Definitions:

Discounted Interest

The process of reducing the interest rate on a loan, calculated in advance and deducted from the principal amount at the time of lending.

Withdrawal

A psychological or physical retreat from certain situations, interactions, or engagements, often used as a coping mechanism.

Erections

The physiological process where the penis becomes firm, engorged, and enlarged, often in a sexual context.

Ejaculations

In a biological context, it refers to the discharge of semen from the male reproductive tract. In language, it can also mean a sudden, short exclamation.