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In: Statistics and Probability

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?
3 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.

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