Author Question: Data were collected from the sale of 25 properties by a local real estate agent. The following ... (Read 73 times)

sheilaspns · **on:** Feb 14, 2020

Question 1

Data were collected from the sale of 25 properties by a local real estate agent. The following printout concentrated on the land value variable from the sampled properties.

HYPOTHESIS: MEAN X = x

What is the correct conclusion when testing a greater-than alternative hypothesis at α = .01?
◦ Reject H₀.
◦ Fail to reject H₀.
◦ Fail to reject H_a.
◦ Accept H₀.

Question 2

Data were collected from the sale of 25 properties by a local real estate agent. The following printout concentrated on the land value variable from the sampled properties.

HYPOTHESIS: MEAN X = x

What assumptions are necessary for any inferences derived from this printout to be valid?
◦ None. The Central Limit Theorem makes any assumptions unnecessary.
◦ The sampled data are approximately normal.
◦ The sample was selected from an approximately normal population.
◦ The sampling distribution of the sample mean is approximately normal.

momo1250 · **Reply #1 on:** Feb 14, 2020

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