Author Question: Data were collected from the sale of 25 properties by a local real estate agent. The following ... (Read 34 times)

KimWrice · **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

Suppose we are interested in testing whether the mean land value from this neighborhood differs from 46,845. Which hypotheses would you test?
◦ H₀: μ ≠ 46,845 vs. H_a: μ = 46,845
◦ H₀: μ = 46,845 vs. H_a: μ < 46,845
◦ H₀: μ = 46,845 vs. H_a: μ ≠ 46,845
◦ H₀: μ = 46,845 vs. H_a: μ > 46,845

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

Find the p-value for testing whether the mean land value differs from $45,655.
◦ p = 0.0959288
◦ p = 0.1918585
◦ p = 0.808142
◦ p = 0.308142

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

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