The average price of homes sold in the U. S. in 2012 was $235, 000. A sample of 86 homes sold in Chattanooga in 2012showed an average price of $246, 000. It is known that thestandard deviation of the population (\sigma ) is $38, 000. Weare interested in determining whether or not the averageprice of homes sold in Chattanooga is significantly more thanthe national average. Calculate the p - value to four decimals.The level of significance is 5%
The average price of homes sold in the U. S. in 2012 was $235, 000. A sample of 86 homes sold in Chattanooga in 2012showed an average price of $246, 000. It is known that thestandard deviation of the population (\sigma ) is $38, 000. Weare interested in determining whether or not the averageprice of homes sold in Chattanooga is significantly more thanthe national average. Calculate the p - value to four decimals.The level of significance is 5%
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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The average price of homes sold in the U. S. in 2012 was $235, 000. A sample of 86 homes sold in Chattanooga in 2012showed an average price of $246, 000. It is known that thestandard deviation of the population (\sigma ) is $38, 000. Weare interested in determining whether or not the averageprice of homes sold in Chattanooga is significantly more thanthe national average. Calculate the p - value to four decimals.The level of significance is 5%
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