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A real estate broker is interested in determining whether there is a difference in the mean number of days a home stays on the market before selling based on which area of the city it is located in.However,she is also concerned that the price of the house may be an issue in determining how long it takes to sell a house,so she wants to control for this.To carry out the test,she plans to randomly select one house from each part of the city in each price range.The following data show the number of days for the sample of houses selected.
Using a significance level equal to 0.05,determine whether the broker was justified in controlling for house prices.Be sure to indicate what type of statistical test should be used and why.
Limitations
Constraints or restrictions that limit the effectiveness or scope of something.
Big Five Model
A personality framework that outlines five broad dimensions of human personality traits: openness, conscientiousness, extraversion, agreeableness, and neuroticism.
Limitations
Constraints or restrictions that hinder performance, capabilities, or outcomes.
Crisis Communication Plan
A strategic document or approach developed by an organization to prepare for, respond to, and recover from any emergency or unexpected event that could harm its operations, reputation, or stakeholders.
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