2. Refer to Data Set 1 (Real Estate Sales data).

Can we conclude that the mean size of homes sold

is more than 2, 100 square feet? Use the 0.05 significance level.

One-Sample Statistics
N Mean Std. Deviation Std. Error Mean
Size_Of_The_Home_In_Squ 105 2225.7143 247.69265 24.17233
are_Feet

One-Sample Test
Test Value = 105
95% Confidence Interval of the
Difference
t df Sig. (2-tailed) Mean Difference Lower Upper
Size_Of_The_Home_In_Squa 87.733 104 .000 2120.71429 2072.7797 2168.6489
re_Feet

HYPOTHESIS

HO : = 2100 square feet

H1 : 2100 square feet

DECISION
Fail to reject H0 since the mean size of homes sold equal to 2100 square feet.
 16. Refer to Data Set 4 (Applewood Auto Group data). Is there a difference in the mean age of
the buyer at the time of purchase for Kane dealership versus Sheffield dealership? Use the 0.01
significance level.

Group Statistics
Dealership N Mean Std. Deviation Std. Error Mean
Age YES 45 46.2222 11.64999 1.73668
NO 51 44.2941 9.63804 1.34960

Independent Samples Test

Levene's Test for Equality
of Variances t-test for Equality of Means

95% Confidence Interval

Mean
of the Difference
Differen Std. Error
F Sig. t df Sig. (2-tailed) ce Difference Lower Upper
Age Equal variances 2.887 .093 .887 94 .377 1.92810 2.17354 -2.38752 6.24373
assumed
Equal variances not .877 85.690 .383 1.92810 2.19942 -2.44443 6.30064
assumed
TESTING FOR MEAN

STEP 1: HYPOTHESIS
H0: 1- 2 = 0
H1: 1- 2 0

STEP 2: P-VALUE
0.377

STEP 3 : COMPARISON BETWEEN P-VALUE AND ALPHA

P-VALUE = 0.377
= 0.01
So,alpha < p-value
Fail to reject H0

STEP 4: DECISION
There is no diffrent in the mean age of the buyer at the time of purchase for Kane dealership
versus Sheffield dealership.
TESTING FOR VARIENCE

STEP 1: HYPOTHESIS
H0: 1= 2
H1: 1= 2

STEP 2 : THE LEVEL OF SIGNIFICANT

= 0.01

STEP 3 :
F-TEST = 2.887
= 0.01
2.887 > 0.01

STEP 4:
Fail to reject H0 , since f sigma =0.093 < 0.01. The Fsigma test indicates that there is not enough
evidence to reject the null hypothesis that the two batch are equal at 0.01 significance level