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A real estate agent in costal area of Georgia wants to compare the variation in selling price of homes on oceanfront with those one to 3 blocks from 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 selling prices of the ocean front homes?

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Statistics and Probability, Statistics

Category:- Statistics and Probability
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