House prices: Data from the National Association of Realtors indicate that the mean price of a home in Denver, Colorado, in 2012 was 260.7 thousand dollars. A random sample of 86 homes sold in 2013 had a mean price of 285 thousand dollars. Can you conclude that the mean price in 2013 is greater than the mean price in 2012? Assume the population standard deviation is o = 155. Use the a=0.05 level of significance and the P-value method with the TI-84 calculator. Part: 0 / 6 Part 1 of 6 State the appropriate null and alternate hypotheses. Ho D=0 This hypothesis test is a (Choose one) ▼ test. right-tailed left-tailed two-taled

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Answer the following statistic questions on house prices, use the information below as reference.
House prices: Data from the National Association of Realtors indicate that the mean price of a home in Denver, Colorado, in 2012
was 260.7 thousand dollars. A random sample of 86 homes sold in 2013 had a mean price of 285 thousand dollars. Can you
conclude that the mean price in 2013 is greater than the mean price in 2012? Assume the population standard deviation is
o = 155. Use the a=0.05 level of significance and the P-value method with the TI-84 calculator.
Part: 0 / 6
Part 1 of 6
State the appropriate null and alternate hypotheses.
Ho
D=0
H1
ローロ
This hypothesis test is a (Choose one) ▼
test.
right-tailed
left-tailed
two-tailed
Transcribed Image Text:House prices: Data from the National Association of Realtors indicate that the mean price of a home in Denver, Colorado, in 2012 was 260.7 thousand dollars. A random sample of 86 homes sold in 2013 had a mean price of 285 thousand dollars. Can you conclude that the mean price in 2013 is greater than the mean price in 2012? Assume the population standard deviation is o = 155. Use the a=0.05 level of significance and the P-value method with the TI-84 calculator. Part: 0 / 6 Part 1 of 6 State the appropriate null and alternate hypotheses. Ho D=0 H1 ローロ This hypothesis test is a (Choose one) ▼ test. right-tailed left-tailed two-tailed
Part 2 of 4
Compute the P-value of the test statistic. Round the answer to at least four decimal places.
P-value =
Part 3 of 4
Determine whether to reject Ho.
(Choose one) the null hypothesis H
Reject
Do Not Reject
Part 4 of 4
(Choose one) ▼
Is
There is not
enough evidence to conclude that the second-graders in the
superintendent's school district have less math skills than the nationwide average.
Transcribed Image Text:Part 2 of 4 Compute the P-value of the test statistic. Round the answer to at least four decimal places. P-value = Part 3 of 4 Determine whether to reject Ho. (Choose one) the null hypothesis H Reject Do Not Reject Part 4 of 4 (Choose one) ▼ Is There is not enough evidence to conclude that the second-graders in the superintendent's school district have less math skills than the nationwide average.
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