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Aresearcher wants to test if the mean price of houses in an area is greater than $145,000. A random sample of 39 houses selected from the area produces a mean price of $ 150200. Assume that a = $12900, and that the test is to be made at the 1% significance level. What is the p-value for this hypothesis test, rounded to four decimal places?

Aresearcher wants to test if the mean price of houses in an area is greater than $145,000. A random sample of 39 houses selected from the area produces a mean price of $ 150200. Assume that a = $12900, and that the test is to be made at the 1% significance level. What is the p-value for this hypothesis test, rounded to four decimal places?

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
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Aresearcher wants to test if the mean price of houses in an area is greater than $145,000. A random sample of 39 houses selected from the area produces a mean price of $ 150200. Assume that o = $ 12900, and that the test is to be made at the 1% significance level. What is the p-value for this hypothesis test, rounded to four decimal places?
Transcribed Image Text:Aresearcher wants to test if the mean price of houses in an area is greater than $145,000. A random sample of 39 houses selected from the area produces a mean price of $ 150200. Assume that o = $ 12900, and that the test is to be made at the 1% significance level. What is the p-value for this hypothesis test, rounded to four decimal places?
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