Stat Question 6

#1
9. If a real estate market is strong there will be a close relationship between the asking price for homes and the selling price. Suppose that one analyst believes that the mean difference between asking price and selling price for homes in a particular market area is less than $2,000. To test this using an alpha level equal to 0.05, a random sample of n = 15 homes that have sold recently was selected. The difference between asking price and selling price from the sample are in the following table: (6 points)
$ 2,053 $1,693 $1, 854 $1,747 $869
$1,396 $2,473 $1,931 $2,303 $1,502
$1,038 $2,755 $2,084 $1,664 $2,104