An agent believes that the average closing cost of purchasing a new home is ₱328,250. She selects 40 new home sales at random and finds that the average closing cost is ₱333,300. The standard deviation of the population is ₱6,060. What is the test statistic appropriate to use?

An agent believes that the average closing cost of purchasing a new home is ₱328,250. She selects 40 new home sales at random and finds that the average closing cost is ₱333,300. The standard deviation of the population is ₱6,060. What is the test statistic appropriate to use?

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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