A real estate agent in the coastal area of Georgia wants tocompare the variation

Question

A real estate agent in the coastal area of Georgia wants tocompare the variation in the selling price of homes on theoceanfront with those one to three blocks from the ocean. A sampleof 21 oceanfront homes sold within the last year revealed thestandard deviation of the selling prices was $45,600. A sample of18 homes, also sold within the last year, that were one to threeblocks from the ocean revealed that the standard deviation was$21,330. At the .01 significance level, can we conclude that thereis more variation in the selling prices of the oceanfront homes? Please show work! A real estate agent in the coastal area of Georgia wants tocompare the variation in the selling price of homes on theoceanfront with those one to three blocks from the ocean. A sampleof 21 oceanfront homes sold within the last year revealed thestandard deviation of the selling prices was $45,600. A sample of18 homes, also sold within the last year, that were one to threeblocks from the ocean revealed that the standard deviation was$21,330. At the .01 significance level, can we conclude that thereis more variation in the selling prices of the oceanfront homes? Please show work! Please show work!

Explanation / Answer

Ho: No difference

Ha: Difference

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