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You wish to compare the prices of apartments in two neighboring towns. You take a simple...

You wish to compare the prices of apartments in two neighboring towns. You take a simple random sample of 12 apartments in town A and calculate the average price of these apartments. You repeat this for 15 apartments in town B. Let μ1 represent the true average price of apartments in town A and μ2 the average price in town B. Suppose we were to use the unpooled t test with the conservative estimate for the degrees of freedom. The t statistic for comparing the mean prices is 2.1. What can we say about the value of the P-value?

P-value < 0.01

0.01 < P-value < 0.05

0.05 < P-value < 0.10

P-value > 0.10

math   Statistics-And-Probability   
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Answer #1

n112 Min12-1,1S-1= mintu,4)= 11 df min (n,-1,h2-1) = t- test statistic 2.) O.ol P - value < O.00 t-test statistic 2 1 ies in

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