Suppose that in the past years the average price per square foot for warehouses in Subic has been P32.28. A national real estate investor wants to determine whether that figure has changed now. The investor hires a researcher who randomly samples 19 warehouses that are for sale across Subic and finds that the mean price per square foot is P31.67, with a standard deviation of P1.29. If the researcher uses a 5% level of significance, what statistical conclusion can be
Suppose that in the past years the average price per square foot for warehouses in Subic has been P32.28. A national real estate investor wants to determine whether that figure has changed now. The investor hires a researcher who randomly samples 19 warehouses that are for sale across Subic and finds that the mean price per square foot is P31.67, with a standard deviation of P1.29. If the researcher uses a 5% level of significance, what statistical conclusion can be
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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Suppose that in the past years the average price per square foot for warehouses in Subic has been P32.28. A national real
estate investor wants to determine whether that figure has changed now. The investor hires a researcher who randomly
samples 19 warehouses that are for sale across Subic and finds that the mean price per square foot is P31.67, with a
standard deviation of P1.29. If the researcher uses a 5% level of significance, what statistical conclusion can be reached?
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