Hypothesis Test Using Paired Observations

Nonfiction, Social & Cultural Studies, Social Science, Statistics
Cover of the book Hypothesis Test Using Paired Observations by Homework Help Classof1, Classof1
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Author: Homework Help Classof1 ISBN: 1230000129656
Publisher: Classof1 Publication: May 2, 2013
Imprint: Language: English
Author: Homework Help Classof1
ISBN: 1230000129656
Publisher: Classof1
Publication: May 2, 2013
Imprint:
Language: English

The amount of income spent on housing is an important component of the cost of living. The total costs of housing for homeowners might include mortgage payments, property taxes, and utility costs (water, heat, electricity). An economist selected a sample of 20 homeowners in New England and then calculated these total housing costs as a percent of monthly income, five years ago and now. The information is reported below. Is it reasonable to conclude the percent is less now than five years ago?

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The amount of income spent on housing is an important component of the cost of living. The total costs of housing for homeowners might include mortgage payments, property taxes, and utility costs (water, heat, electricity). An economist selected a sample of 20 homeowners in New England and then calculated these total housing costs as a percent of monthly income, five years ago and now. The information is reported below. Is it reasonable to conclude the percent is less now than five years ago?

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