The sales prices of homes (in dollars) from a random sample of 10 zip codes in...

The sales prices of homes (in dollars) from a random sample of 10 zip codes in the United States are recorded in the following table.

At the 0.10 level of significance, is there evidence of a difference in the mean selling price for homes between 2001 and 2002?

ii.Determine the p-value in (i) and interpret its meaning.

Town	2001	2002
Alexandria	245795	293266
Boston	391750	408803
Decatur	205270	227561
Kirkland	326524	333569
New York	545363	531098
Philadelphia	185736	197874
Phoenix	170413	175030
Raleigh	210015	196094
San Bruno	385387	391409
Tampa	194205	199858

Expert Solution

orchestra answered 1 year ago

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