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Author Question: Data were collected from the sale of 25 properties by a local real estate agent. The following ... (Read 54 times)

KimWrice

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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. Ha: μ = 46,845
◦ H0: μ = 46,845 vs. Ha: μ < 46,845
◦ H0: μ = 46,845 vs. Ha: μ ≠ 46,845
◦ H0: μ = 46,845 vs. Ha: 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
Statistics ¦ McClave, Sincich, Tamarack ¦ 12th Edition
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Marked as best answer by KimWrice on Feb 14, 2020

upturnedfurball

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Reply #1 on: Feb 14, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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KimWrice

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Reply 2 on: Feb 14, 2020
:D TYSM

Bigfoot1984

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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