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Difference in mean house prices between the cities

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Question: An international company routinely rotates its senior managers every five to six years around its activities worldwide. Staff are financially compensated for such moves but with many staff buying a house in their new location, there are concerns about relative house prices. The company has recently surveyed house prices in two cities where it is based:

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Prices are for comparable houses and have been adjusted for exchange rates. Is there any evidence of a difference in mean house prices between the two cities?

Reference no: EM131754454

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