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
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section: Chapter Questions
Problem 22SGR
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Question
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?
![4. 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?
IGH
SCHOOL
Subic National High School - Senior High School
Mangan-Vaca, Subic, Zambales](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff3736421-a48b-433e-9bae-06bc4c1b3fa1%2F5fce3d0b-698a-4603-8c70-59a9e62f745b%2Fuotqtu9_processed.jpeg&w=3840&q=75)
Transcribed Image Text:4. 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?
IGH
SCHOOL
Subic National High School - Senior High School
Mangan-Vaca, Subic, Zambales
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