A real estate agent in coastal area of georgia wants to, Ask an Expert

Statistics

A real estate agent in coastal area of Georgia wants to compare the variation in selling price of homes on oceanfront with those one to three blocks from the ocean. A sample of 21 oceanfront homes sold in the last year revealed the standard deviation of selling prices was $45,600. A sample of 18 homes, also sold in the last year, that were one to three blocks from 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?

View complete question

Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M917613

Have any Question?Write your Review or question?

Related Questions in Statistics and Probability

A company recently had 26 million shares outstanding

A company recently had 26 million shares outstanding trading at $45/share. The company announces its intention to raise $290M by selling new shares. Studies show losses are 30%of the size of the new issue, so how large a ...

You have a bag with three fair dice one is 4-sided one is

You have a bag with three fair dice. One is 4-sided, one is 6-sided, and one is 12-sided. You reach into the bag, pick one die at random, and roll it. The outcome of the roll is 4. What is the probability that you rolled ...

Based on labor statistics17nbspof workers in a particular

Based on labor? statistics,17% of workers in a particular profession are female. Complete parts a through e below based on a random sample of 8 workers in this profession. a. What is the probability that exactly one work ...

A few years ago simon powell purchased a home for 250000

A few years ago, Simon Powell purchased a home for $250,000. Today, the home is worth $450,000. His remaining mortgage balance is $200,000. Assuming that Simon can borrow up to 70 percent of the market value, what is the ...

A researcher wants to determine if there is an association

A researcher wants to determine if there is an association between religious affiliation (e.g., Christian, Muslim, Jewish. Buddhist, Unaffiliated, etc.) and ethnicity (African American, Asian, American Indian, Whte, Othe ...

A manufacture claims that the life span of its tires is

A manufacture claims that the life span of its tires is 52,000 miles. You work for a consumer protection agency and you are testing these tires. Assume the life spans of these tires are normally distributed. You select 1 ...

The service manager for anbspcar dealership reviewed sales

The service manager for a car dealership reviewed sales records of the past 25 sales of new cars to determine the number of warranty repairs he will be called on to perform in the next 90 days. Corporate reports indicate ...

Amy currently has 500 in an account with an annual rate of

Amy currently has $500 in an account with an annual rate of return of 4.3%. She wants to have $3000 for a trip to Florida when she graduates in 2 years. How much will she have to save each month to afford her trip?

You must choose between investing in stock a or stock b you

You must choose between investing in Stock A or Stock B. You have already used CAPM to calculate the rate of return you should expect to receive for each stock given each one's systematic risk and decided that the expect ...

We choose a number from the set 1 2 100 uniformly at

We choose a number from the set {1, 2, ..., 100} uniformly at random and denote this number by X . For each of the following choices, determine whether the events in question are independent or not. A = {X is even}, B = ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Statistics and Probability Expert