Suppose an economist wishes to determine the relationship between the age and pr

Question

Suppose an economist wishes to determine the relationship between the age and price of houses. A study yields the following data:

C1: 27, 49, 35, 51, 42

C2: 48, 63, 50, 72, 55

For each question below, choose the most appropriate inference method to analyze these data, under the given scenarios.

Question 6 of 8Points: 10

If column 1 is the price (in thousands of dollars) of a sample of five houses from ten years ago, and column 2 is the price (in thousands of dollars) of a sample of a different five houses from today, which of the following is the appropriate inference method?

   matched pairs

   two independent samples

   inference for regression

Question 7 of 8Points: 10

If column 1 is the age of the home in years, and column 2 is the price of the home (in thousands of dollars), which of the following is the appropriate inference method?

   matched pairs

   two independent samples

   inference for regression

Question 8 of 8Points: 10

If column 1 is the price (in thousands of dollars) of a sample of five houses from ten years ago, and column 2 is the price (in thousands of dollars) of the same homes today, which of the following is the appropriate inference method?

   matched pairs

   two independent samples

   inference for regression

Explanation / Answer

6) as houses in both samples are different ; therefore  two independent samples

7)inference for regression

8) matched pairs

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