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Author Question: Data were collected from the sale of 25 properties by a local real estate agent. The following ... (Read 45 times)

sheilaspns

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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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Marked as best answer by sheilaspns on Feb 14, 2020

momo1250

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sheilaspns

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Reply 2 on: Feb 14, 2020
Great answer, keep it coming :)


Laurenleakan

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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