A Realtor believes that the average house price in Mission Viejo, California, is more than $480 thousand. %media:11excel.png% Click here for the Excel Data File a. Select the null and the alternative hypotheses for the test. Ho: H=480,000; HA: M# 480,000 Ho: H≤ 480,000; HA: H>480,000 Ho: H≥ 480,000; HA: μ< 480,000 b. Calculate the p-value. Assume the population standard deviation is $100 (in $1,000s). (Round your answer to 4 decimal places.)

MATLAB: An Introduction with Applications
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ISBN:9781119256830
Author:Amos Gilat
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Chapter1: Starting With Matlab
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1 House Price
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ខខខខជនននននននគគគមន
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555
521
350
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Transcribed Image Text:1 House Price 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 ខខខខជនននននននគគគមន 19 18 575 555 521 350 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 430 520 460 475 670 521 670 417 533 525 538 370 530 525 430 330 46 47 48 49 50 51 399 560 440 425 669 660 702 540 460 588 445 412 735 537 630 430
A Realtor believes that the average house price in Mission Viejo, California, is more than
$480 thousand.
%media:11excel.png% Click here for the Excel Data File
a. Select the null and the alternative hypotheses for the test.
Ho: H=480,000; HA: H# 480,000
Ho: H≤ 480,000; HA: > 480,000
Ho: ≥ 480,000; HA: H< 480,000
b. Calculate the p-value. Assume the population standard deviation is $100 (in
$1,000s). (Round your answer to 4 decimal places.)
p-value
Transcribed Image Text:A Realtor believes that the average house price in Mission Viejo, California, is more than $480 thousand. %media:11excel.png% Click here for the Excel Data File a. Select the null and the alternative hypotheses for the test. Ho: H=480,000; HA: H# 480,000 Ho: H≤ 480,000; HA: > 480,000 Ho: ≥ 480,000; HA: H< 480,000 b. Calculate the p-value. Assume the population standard deviation is $100 (in $1,000s). (Round your answer to 4 decimal places.) p-value
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