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BigDeal Real Estate surveyed prices per square foot

/in /by

BigDeal Real Estate surveyed prices per square foot in the valley
and foothills of Hoke-a-mo, Utah. Based on BD’s DATA, are the prices per square foot equal at x=0.01?
Valley Foothills
109 82
116 161
106 163
157 112
147 222
105 137
173 226
153 200
137 154
110 176

-The critical value is 2.977 since this is a two-tail scenario. The test statistic is 1.1513. Since the test statistic < the critical value, the test statistic does not lie in the area of rejection. Do not reject the null hypothesis. The prices per square foot are equal at alpha = .01
-The critical value is 2.977 since this is a two-tail scenario. The test statistic is 2.239. Since the test statistic < the critical value, the test statistic does not lie in the area of rejection. Do not reject the null hypothesis. The prices per square foot are equal at alpha = .01
-The critical value is 2.977 since this is a two-tail scenario. The test statistic is 3.207. Since the test statistic >the critical value, the test statistic does not lie in the area of rejection. Reject the null hypothesis. The prices per square foot are not equal at alpha = .01
-The critical value is 2.977 since this is a two-tail scenario. The test statistic is 1.936. Since the test statistic < the critical value, the test statistic does not lie in the area of rejection. Do not reject the null hypothesis. The prices per square foot are equal at alpha = .01

 
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