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Name: Suppose your hypothesis is that the average price of a two bedroom hom
Uploaded: 2024-03-20T07:07:12.000Z
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Description: Suppose your hypothesis is that the average price of a two bedroom home in Little Rock is $150,000. You sample 17 homes and find an average price of $145000 with a standard deviation of 7,500. Set up the null hypothesis, and the alternate hypothesis

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 your hypothesis is that the average price of a two bedroom home in Little Rock is $150,000. You sample 17 homes and find an average price of $145000 with a standard deviation of 7,500. Set up the null hypothesis, and the alternate hypothesis (you can write this out in words). Show the test statistic, the critical statistic, and the results of your hypothesis test. (A) Test the hypothesis at the 10% significance level (B) Test the hypothesis at 5% significance level (C) Test the hypothesis at 1% significance level.

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