A newspaper in a large Midwestern city reported that the National Association of Realtors said that the mean home price last year was $116800. The city housing department feels that this figure is too low. They randomly selected 63 homes sales and obtained a sample mean price of $118,900. Assume that the population standard deviation is $3,700. Using a 5% level of significance, perform a hypothesis test to determine whether the population mean is higher than $116,800. STEP 1. Ho: H H1: H %24 NOTE: For enter /= STEP 2. This test is (e) left-tailed, (f) two-tailed or (g) right-tailed test. This test is (enter e, f or g) %24 %24
A newspaper in a large Midwestern city reported that the National Association of Realtors said that the mean home price last year was $116800. The city housing department feels that this figure is too low. They randomly selected 63 homes sales and obtained a sample mean price of $118,900. Assume that the population standard deviation is $3,700. Using a 5% level of significance, perform a hypothesis test to determine whether the population mean is higher than $116,800. STEP 1. Ho: H H1: H %24 NOTE: For enter /= STEP 2. This test is (e) left-tailed, (f) two-tailed or (g) right-tailed test. This test is (enter e, f or g) %24 %24
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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![A newspaper in a large Midwestern city reported that the National
Association of Realtors said that the mean home price last year was
$116800. The city housing department feels that this figure is too low.
They randomly selected 63 homes sales and obtained a sample mean
price of $118,900. Assume that the population standard deviation is
$3,700. Using a 5% level of significance, perform a hypothesis test to
determine whether the population mean is higher than $116,800.
STEP 1. Ho:
%24
H1: H
24
NOTE: For enter /=
STEP 2. This test is (e) left-tailed, (f) two-tailed or (g) right-tailed test.
This test is
(enter e, f or g)
STEP 3. The critical vaiue (s) is.
Usc the following chart to identity the critical value (s)
ASUS VivoBook
E3
home
&
6.
8
LO](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8b9ab9f7-9bb1-4c74-bf8f-d819b7e596b9%2Ffafbd159-7d27-429c-a933-df9385d26720%2Ff5a9fva_processed.jpeg&w=3840&q=75)
Transcribed Image Text:A newspaper in a large Midwestern city reported that the National
Association of Realtors said that the mean home price last year was
$116800. The city housing department feels that this figure is too low.
They randomly selected 63 homes sales and obtained a sample mean
price of $118,900. Assume that the population standard deviation is
$3,700. Using a 5% level of significance, perform a hypothesis test to
determine whether the population mean is higher than $116,800.
STEP 1. Ho:
%24
H1: H
24
NOTE: For enter /=
STEP 2. This test is (e) left-tailed, (f) two-tailed or (g) right-tailed test.
This test is
(enter e, f or g)
STEP 3. The critical vaiue (s) is.
Usc the following chart to identity the critical value (s)
ASUS VivoBook
E3
home
&
6.
8
LO
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