The data accompanying this exercise show the selling price (in $1,000s) for 36 recent house sales in Mission Viejo, California. A Realtor believes that the average price of a house is more than $500,000. Assume the population standard deviation is $100 (in $1,000s). A Click here for the Excel Data File a. Select the null and the alternative hypotheses for the test. Hạ: H- 500,000; HA: H * 50e,000 Hg: Hs 500,000: HA: H > 500,000 O He: H 500,000: HA: H < 500,000 b-1. What is the value of the test statistic? (Round final answer to 2 decimal places.) Test statistic

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The data accompanying this exercise show the selling price (in $1,000s) for 36 recent house sales in Mission Viejo, California. A
Realtor believes that the average price of a house is more than $500,000. Assume the population standard deviation is $100 (in
$1,000s).
A Click here for the Excel Data File
a. Select the null and the alternative hypotheses for the test.
Hạ: H= 500,000; HA: H * 50e,000
Hạ: Hs 500,000; HA: H > 500,000 O
He: H 500,000: HA: H < 50,000
b-1. What is the value of the test statistic? (Round final answer to 2 decimal places.)
Test statistic
Transcribed Image Text:The data accompanying this exercise show the selling price (in $1,000s) for 36 recent house sales in Mission Viejo, California. A Realtor believes that the average price of a house is more than $500,000. Assume the population standard deviation is $100 (in $1,000s). A Click here for the Excel Data File a. Select the null and the alternative hypotheses for the test. Hạ: H= 500,000; HA: H * 50e,000 Hạ: Hs 500,000; HA: H > 500,000 O He: H 500,000: HA: H < 50,000 b-1. What is the value of the test statistic? (Round final answer to 2 decimal places.) Test statistic
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