Mathematics, 15.04.2020 17:26, jacobhawkins112471

You wish to compare the prices of apartments in two neighboring towns. You take a simple random sample of 12 apartments in town A and calculate the average price of these apartments. You repeat this for 15 apartments in town B. Let \mu_1μ 1 represent the true average price of apartments in town A and \mu_2μ 2 the average price in town B. Suppose we were to use the two-sample t test and found that the t statistic for comparing the mean prices is 2.1. What can we say about the value of the p-value?

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You wish to compare the prices of apartments in two neighboring towns. You take a simple random samp...