Suppose that in past years the average price per square foot for warehouses in Canada has been $347.46. A national real estate investor wants to determine whether that figure has changed now. The investor hires a analyst who randomly samples 48 warehouses that are for sale across Canada and finds that the mean price per square foot is $341.86, with a standard deviation of $13.89. Assume that prices of warehouse area are normally distributed in population. If the analyst uses a 5% level of significance, what statistical conclusion can be reached? (Round your answer to 2 decimal places, e.g. 1.75.)

Suppose that in past years the average price per square foot for warehouses in Canada has been $347.46. A national real estate investor wants to determine whether that figure has changed now. The investor hires a analyst who randomly samples 48 warehouses that are for sale across Canada and finds that the mean price per square foot is $341.86, with a standard deviation of $13.89. Assume that prices of warehouse area are normally distributed in population. If the analyst uses a 5% level of significance, what statistical conclusion can be reached? (Round your answer to 2 decimal places, e.g. 1.75.)

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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