Data were collected from the sale of 25 properties by a local ...

[sheilaspns]

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]

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[sheilaspns]

Wow, this really help

[Dominic]

Thanks for the timely response, appreciate it