Ratio of two independent sample variances

Assignment Help Basic Statistics
Reference no: EM1314314

A real estate agent in the coastal area of Georgia wants to compare the variation in the selling price of homes on the oceanfront with those one to three blocks from the ocean. A sample of 21 oceanfront homes sold within the last year revealed the standard devia­tion of the selling prices was $45,600. A sample of 18 homes, also sold within the last year, that were one to three blocks from the ocean revealed that the standard deviation was $21,330. At the .01 significance level, can we conclude that there is more variation in the selling prices of the oceanfront homes?

Reference no: EM1314314

Questions Cloud

T-test and independent samples : The sample information is reported below. At the .10 significance level can we conclude that there is a difference in the amounts quoted?
Calculation of the components of gdp : In a closed economy without a government sector, consumption is determined as 80% of the income available to households.  Investment is autonomous at a level of £450.
Find the homogenous linear systems : Find the homogenous linear systems.,
Computation of current price of stock : Computation of current price of stock and The current risk-free rate of return is 5% and the market risk premium is 8%
Ratio of two independent sample variances : At the .01 significance level, can we conclude that there is more variation in the selling prices of the oceanfront homes?
General theory of employment-interest and money : Discuss the limitations of this model as an explanation of the effects of government expenditure on GDP.
When inventory declines in value below original cost : When inventory declines in value below original cost, and this decline is considered other than temporary, what is the maximum amount that the inventory can be valued at?
Hypothesis test for single factor-anova : Complete the table and answer the following questions. Use the .05 significance level.
Computation of book value per share : Computation of book value per share and equity account for Bridgford foods in fiscal year ending

Reviews

Write a Review

Basic Statistics Questions & Answers

  Mean time for a game

Can we conclude that the mean time for a game is less than 3.50 hours? Use the .05 significance level.

  Possibility of subcommittees

If they must form an ethics subcommittee of 4 members, how many different subcommittees are possible?

  Probability using central limit theorem

Let Y be the number of envelopes for which the machine fails to remove a check. Using the Central Limit Theorem to approximate P{Y≤10}.

  Perception of time

Based on the result, does there to be an overall perception of 1 minute that is reasonably accurate?

  Hypothesis testing for difference between matched pairs

Using the following data on 15 workers, construct an exact 95% confidence interval for µ.

  The mean and standard deviation for the process

We are establishing a quality control program for a process and need to establish the mean and standard deviation for the process. The first 10 batches had samples of size 5 taken.

  Analysis of variance and its assumptions

Is there evidence of violations of the usual ANOVA assumptions of equal variances and normal populations? Set up and perform appropriate TESTS at the α = 0.05 level of significance.

  Probability of sample or average medians

Calculate the probability that the median of the sample or average medians is:

  To test the claim using single mean z test

Does this sample indicate a smaller average? Use α = 0.05 and assume a normally distributed population.

  Confidence interval

Do students tend to improve their SAT Mathematics (SAT-M) score the second time they take the test? A random sample of four students who took the test twice received the following scores

  Interpreting a scatter diagram

Make up a scatter diagram with 10 dots for each of the following situations:

  One-way analysis of variance

A human factors psychologist studied three computer keyboard designs.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd