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
Ha.
◦ 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.
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