Suppose That a Realtor Is Interested in Comparing the Price

question 134

Essay

Suppose that a realtor is interested in comparing the price of a starter home in two small cities.
The realtor conducts a small survey in the two cities looking at the price of starter homes.Assume equal population variances and normally distributed populations. $$\begin{array} { l r r } & \text { City A } & { \text { City B } } \\\text { Sample Mean } & 86,900 & 84,000 \\\text { Sample Std Dev } & 2300 & 1750 \\\text { Sample Size } & 9 & 7\end{array}$$
-Setup the null and alternative hypothesis to test the claim that there is a difference in the mean price of starter homes of the two cities.

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Definitions:

Shares Of Stock

Shares of stock represent units of ownership in a corporation, entitling the holder to a proportion of the company's profits and voting rights.

Cash Flow

The whole amount of funds that are being transferred into and out of a company, affecting its immediate financial viability.

Assets

Resources owned by a company from which future economic benefits are expected.

Earnings Per Share

A company's profit divided by its number of outstanding shares, indicating the profitability of the company on a per-share basis.