Statistics: T-test – #27683


Question: A real estate agent wishes to determine whether tax assessors and real estate appraisers agree on the values of homes. A random sample of the two groups appraised 10 homes. The data are shown here. Is there a significant difference in the values of the homes for each group? Use a = 0.05.

Real estate appraisers Tax assessors
Mean $83,256 $88,354
Standard deviation $3256 $2340
Sample size 10 10

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