Home /
Expert Answers /
Statistics and Probability /
a-realtor-is-interested-to-compare-the-average-cost-of-a-3-bedroom-home-in-three-different-cities-pa925
(Solved): A realtor is interested to compare the average cost of a 3 bedroom home in three different cities. ...
A realtor is interested to compare the average cost of a 3 bedroom home in three different cities. Prices from a sample of homes in each city are collected and shown in the dataset shown below (data is shown in thousands of dollars).
The realtor is interested to know if the prices of the average 3 bedroom home are statistically the same for the three cities. Use a significance level of 10%.
The realtor has confirmed that the samples were randomly selected and independent, and the populations have normal distribution and the population variances are equal.
(a) calculate the Test Statistic for this example (round your answer to 2 decimal places)
(b) calculate the p-value for this example (round your answer to 2 decimal places)
\begin{tabular}{|c|c|c|} \hline & & \\ \hline 344 & 331 & 295 \\ \hline 332 & 273 & 295 \\ \hline 360 & 378 & 317 \\ \hline 332 & 374 & 293 \\ \hline 301 & 329 & 333 \\ \hline 312 & 372 & 295 \\ \hline 361 & 320 & 324 \\ \hline \end{tabular}
Expert Answer
Given the claim,The realtor is interested to know if the prices of the average 3-bedroom home are st...