asking price
Mean 56112.34568
Standard Error 1813.565466
Median 52900
Mode 49900
Standard Deviation 16322.08919
Sample Variance 266410595.7
Kurtosis 0.429181538
Skewness 0.781429828
Range 74000
Minimum 25900
Maximum 99900
Sum 4545100
Count 81
Confidence Level(95.0%) 3609.113807
selling price
Mean 51939.44444
Standard Error 1751.837902
Median 48000
Mode 45000
Standard Deviation 15766.54112
Sample Variance 248583818.8
Kurtosis 0.381142789
Skewness 0.797841069
Range 70000
Minimum 25000
Maximum 95000
Sum 4207095
Count 81
Confidence Level(95.0%) 3486.271919
Method 1
Doing the F-test
Manually
using the output from
the
Descriptive Statistics
tool
F= 266410595.7
248583818.8
1.072
METHOD 2
F-Test Two-Sample for
Variances
asking price selling price
Mean 56112.34568 51939.44444
Variance 266410595.7 248583818.8
Observations 81 81
df 80 80
F 1.07171
P(F<=f) one-tail 0.37876
F Critical one-tail 1.44773