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The Sales Price (In $1,000)of Three-Bedroom Apartments in Two Cities

question 82

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The sales price (in $1,000)of three-bedroom apartments in two cities: Houston,Texas,and Orlando,Florida are given in the following table.Houston is known to have lower house prices than Orlando;however,it is not clear if it also has lesser variability in its prices. The sales price (in $1,000)of three-bedroom apartments in two cities: Houston,Texas,and Orlando,Florida are given in the following table.Houston is known to have lower house prices than Orlando;however,it is not clear if it also has lesser variability in its prices.   a.State the null and the alternative hypotheses in order to determine if the variance of house price in Houston is less than that in Orlando. B)What assumption regarding the population is necessary to implement this step? C)Test the hypothesis at α = 0.05.What is your conclusion? a.State the null and the alternative hypotheses in order to determine if the variance of house price in Houston is less than that in Orlando.
B)What assumption regarding the population is necessary to implement this step?
C)Test the hypothesis at α = 0.05.What is your conclusion?


Definitions:

Renal Pelvis

The central part of the kidney where urine collects before moving to the ureter and then to the bladder.

Ureter

A pair of tubes that carry urine from the kidneys to the bladder.

Urethra

The tube that conducts urine from the bladder to the outside of the body in both sexes, and also transports semen in males.

Transitional Epithelium

A type of epithelial tissue that can stretch and change its shape, found in areas such as the bladder.

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