Answer the following questions using the data given in the table. Use the T-Test Paired Two...

Answer the following questions using the data given in the table. Use the T-Test Paired Two Sample for Means to arrive at the solutions to the questions below. Use an alpha value of 0.01

Home	Appraiser 1	Appraiser 2
A	$235,000	$228,000
B	$210,000	$205,000
C	$231,000	$219,000
D	$242,000	$240,000
E	$205,000	$198,000
F	$230,000	$223,000
G	$231,000	$227,000
H	$210,000	$215,000
I	$225,000	$222,000
J	$249,000	$245,000
K	$199,000	$201,000

1	What is the value for the test statistic("t Stat" as Excel calls it)?


2	What is the value for the Critical value for t?
	What is the value for the Critical value for t?

3	What is the p-value for this hypothesis test?
	What is the p-value for this hypothesis test?

4	Our conclusion should be that the two Appraisers are NOT providing approximately the same value for each house. True or False.

Expert Solution

orchestra answered 2 years ago

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