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

question 193

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 = 0.05. 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.

---

Definitions:

Landfills

Sites designated for the disposal of waste materials by burial, often considered the oldest form of waste treatment and significantly impactful on the environment.

American Consumers

Individuals or groups in the United States who purchase goods and services for personal use, influencing market trends and economic activity.

Chief Sustainability Officer

A corporate executive responsible for integrating and managing environmental and sustainable practices within an organization.

Environmental Protection Agency

A governmental agency tasked with regulating and enforcing laws aimed at protecting the environment and human health.