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A newspaper in a large Midwestern city reported that the National Association of Realtors said that the mean home price last year was $116800. The city housing department feels that this figure is too low. They randomly selected 63 homes sales and obtained a sample mean price of $118,900. Assume that the population standard deviation is $3,700. Using a 5% level of significance, perform a hypothesis test to determine whether the population mean is higher than $116,800. STEP 1. Ho: H H1: H %24 NOTE: For enter /= STEP 2. This test is (e) left-tailed, (f) two-tailed or (g) right-tailed test. This test is (enter e, f or g) %24 %24

A newspaper in a large Midwestern city reported that the National Association of Realtors said that the mean home price last year was $116800. The city housing department feels that this figure is too low. They randomly selected 63 homes sales and obtained a sample mean price of $118,900. Assume that the population standard deviation is $3,700. Using a 5% level of significance, perform a hypothesis test to determine whether the population mean is higher than $116,800. STEP 1. Ho: H H1: H %24 NOTE: For enter /= STEP 2. This test is (e) left-tailed, (f) two-tailed or (g) right-tailed test. This test is (enter e, f or g) %24 %24

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.4: Distributions Of Data
Problem 3GP
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A newspaper in a large Midwestern city reported that the National Association of Realtors said that the mean home price last year was $116800. The city housing department feels that this figure is too low. They randomly selected 63 homes sales and obtained a sample mean price of $118,900. Assume that the population standard deviation is $3,700. Using a 5% level of significance, perform a hypothesis test to determine whether the population mean is higher than $116,800. STEP 1. Ho: %24 H1: H 24 NOTE: For enter /= STEP 2. This test is (e) left-tailed, (f) two-tailed or (g) right-tailed test. This test is (enter e, f or g) STEP 3. The critical vaiue (s) is. Usc the following chart to identity the critical value (s) ASUS VivoBook E3 home & 6. 8 LO
Transcribed Image Text:A newspaper in a large Midwestern city reported that the National Association of Realtors said that the mean home price last year was $116800. The city housing department feels that this figure is too low. They randomly selected 63 homes sales and obtained a sample mean price of $118,900. Assume that the population standard deviation is $3,700. Using a 5% level of significance, perform a hypothesis test to determine whether the population mean is higher than $116,800. STEP 1. Ho: %24 H1: H 24 NOTE: For enter /= STEP 2. This test is (e) left-tailed, (f) two-tailed or (g) right-tailed test. This test is (enter e, f or g) STEP 3. The critical vaiue (s) is. Usc the following chart to identity the critical value (s) ASUS VivoBook E3 home & 6. 8 LO
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