7) A real-estate agent claims that the average home price in a certain county is more than $200,000. Test the claim using a 10% significance level. From a random sample of 100 homes X = $201,325 S = $15,000 Determine: H H : A test statistic: Critical value: t = Tc = Decision: Reject H OR Do not reject H 0 0 Conclusion:

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Question
7?
7) A real-estate agent claims that the average home price in a certain county is more than $200,000.
Test the claim using a 10% significance level.
From a random sample of 100 homes
X = $201,325
S = $15,000
Determine:
H
H
:
A
test statistic:
Critical value:
t =
Tc =
Decision:
Reject H
OR
Do not reject H
0
0
Conclusion:
Transcribed Image Text:7) A real-estate agent claims that the average home price in a certain county is more than $200,000. Test the claim using a 10% significance level. From a random sample of 100 homes X = $201,325 S = $15,000 Determine: H H : A test statistic: Critical value: t = Tc = Decision: Reject H OR Do not reject H 0 0 Conclusion:
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