The Employees at the East Vancouver Office of a Multinational

question 14

Multiple Choice

The employees at the East Vancouver office of a multinational company are demanding higher salaries than those offered at the company office located in Oshawa Ontario. Their justification for the pay difference is that the difference between the average price of single-family houses in East Vancouver and that in Oshawa is more than $60,000. Before making a decision, the company management wants to study the difference in the prices of single-family houses for sale at the two locations. The results of their search of recent house sales are as follows (in $1000, rounded to the nearest thousand) :
Assuming that the population distributions are approximately normal, can we conclude at the 0.05 significance level that the difference between the two population means is greater than $60,000?
This example is what type of test?

• A) One sample test of means.
• B) Two sample test of means.
• C) Paired t-test.
• D) Test of proportions.

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Definitions:

Extreme Anxiety

A heightened level of anxiety that significantly impacts daily functioning, often characterized by intense worry or fear.

Traumatic

An emotionally distressing or disturbing experience that can have long-lasting negative effects on an individual's mental wellbeing.

Panic Disorder

A psychiatric disorder characterized by recurrent, unexpected panic attacks and ongoing fear of further attacks.

Misinterpreted

Wrongly understood or construed meaning of a word, statement, or situation.