An entrepreneur owns some land that he wishes to develop. He identifies two development options: build condominiums or build apartment buildings. Accordingly, he reviews public records and derives the following summary measures concerning annual profitability based on a random sample of 32 for each such local business venture. For the analysis, he uses a historical (population) standard deviation of $22,800 for condominiums and $19,800 for apartment buildings. Use Table 1.

Sample 1 represents condominiums and Sample 2 represents apartment buildings.

Condominiums = $243,500  n₁ = 32

Apartment Buildings = $235,200   n₂ = 32 

(Round "test statistic" value to 2 decimal places and "p-value" to 3 decimal places.)

ANSWER    Test statistic _______

ANSWER    p-value  __________