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Do your work in an Excel file. Make Excel do the test statistic calculation.!!!!!!!!! Do people generally...

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Statistics

Do your work in an Excel file. Make Excel do the teststatistic calculation.!!!!!!!!!

Do people generally receive the asking price when they selltheir home? The accompanying table lists the asking price and saleprice for a random sample of ten single-family home sales inTahlequah, OK.

Home

Asking price

Selling price

1

98,000

94,300

2

122,500

119,800

3

109,900

105,000

4

98,000

100,000

5

79,900

77,000

6

275,000

265,000

7

99,700

96,000

8

97,900

99,200

9

209,000

209,000

10

173,900

169,000

Perform a hypothesis test with a = .05 to determine whetherthere is a significant difference between the asking price and theselling price.

Answer & Explanation Solved by verified expert
3.6 Ratings (544 Votes)
The test can be performed by setting data analysis under dataafter    See Answer
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