A certain company will purchase the house of any employee who is transferred out of state and will handle all details of reselling the house. The purchase price is based on two assessments, one asses...
A certain company will purchase the house of any employee who is transferred out of state and will handle all details of reselling the house. The purchase price is based on two assessments, one assessor being chosen by the employee and one by the company Based on the sample of eight assessments shown, do the two assessors agree? Use the 10 level of significance Assessments of Eight Homes ($ thousands) Assessed by Home 1 Home 2 Home 3 Company Employee Home 4 279 283 Home 5 293 305 Home 6 287 285 Home 7 535 550 Home 8 745 770 348 342 454 480 321 318 (a) Choose the appropriate hypotheses. Assume d company assessed value-employee assessed value HO- d-0 versus HT- d # 0. O Ho.ud # 0 versus Hn.ud-o (b) State the decision rule for 10 level of significance. (Round your answers to 2 decimal places. A negative value should be indicated by a minus sign.) Reject the null hypothesis if tcalcor tcalc (c-1) Find the test statistic tcalc. (Round your answer to 2 decimal places. A negative value should be indicated by a minus sign.) calc (c-2) What is your conclusion? wel (Click to select-I the null hypothesis.
A certain company will purchase the house of any employee who is transferred out of state and will handle all details of reselling the house. The purchase price is based on two assessments, one assessor being chosen by the employee and one by the company Based on the sample of eight assessments shown, do the two assessors agree? Use the 10 level of significance Assessments of Eight Homes ($ thousands) Assessed by Home 1 Home 2 Home 3 Company Employee Home 4 279 283 Home 5 293 305 Home 6 287 285 Home 7 535 550 Home 8 745 770 348 342 454 480 321 318 (a) Choose the appropriate hypotheses. Assume d company assessed value-employee assessed value HO- d-0 versus HT- d # 0. O Ho.ud # 0 versus Hn.ud-o (b) State the decision rule for 10 level of significance. (Round your answers to 2 decimal places. A negative value should be indicated by a minus sign.) Reject the null hypothesis if tcalcor tcalc (c-1) Find the test statistic tcalc. (Round your answer to 2 decimal places. A negative value should be indicated by a minus sign.) calc (c-2) What is your conclusion? wel (Click to select-I the null hypothesis.