The median price of homes in in a certain city was $228,830. A sample of 200 homes sold in a suburb of the city found 113 homes with sales prices over $228,830 and 87 homes with sales prices under $228,830. Can you conclude that the median price of homes in the suburb differs from the median price of homes in the entircity? Use a = 0.05.State the null and alternative hypotheses.O Ho: Median # 228,830H₂: Median = 228,830O Ho: Median 2 228,830H₂: Median < 228,830Ho: Median = 228,830H₂: Median # 228,830O Ho: Median ≤ 228,830H₂: Median > 228,830O Ho: Median > 228,830H₂: Median = 228,830Find the value of the test statistic. (Round your answer to two decimal places.)z =Find the p-value. (Round your answer to four decimal places.)p-value =State your conclusion.O Do not reject Ho. There is sufficient evidence to conclude that the median price of homes in the suburb differs significantly from $228,830.Do not reject Ho. There is not sufficient evidence to conclude that the median price of homes in the suburb differs significantly from $228,830.O Reject Ho. There is sufficient evidence to conclude that the median price of homes in the suburb differs significantly from $228,830.O Reject Ho. There is not sufficient evidence to conclude that the median price of homes in the suburb differs significantly from $228,830.

It is given that a sample of 200 homes sold in which 113 homes with sales prices over median and 87…

Answered: Find the value of the test statistic.…

Find the value of the test statistic. (Round your answer to two decimal places.) Find the p-value. (Round your answer to four decimal places.) D-value-

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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Question

The median price of homes in in a certain city was $228,830. A sample of 200 homes sold in a suburb of the city found 113 homes with sales prices over $228,830 and 87 homes with sales prices under $228,830. Can you conclude that the median price of homes in the suburb differs from the median price of homes in the entir
city? Use a = 0.05.
State the null and alternative hypotheses.
O Ho: Median # 228,830
H₂: Median = 228,830
O Ho: Median 2 228,830
H₂: Median < 228,830
Ho: Median = 228,830
H₂: Median # 228,830
O Ho: Median ≤ 228,830
H₂: Median > 228,830
O Ho: Median > 228,830
H₂: Median = 228,830
Find the value of the test statistic. (Round your answer to two decimal places.)
z =
Find the p-value. (Round your answer to four decimal places.)
p-value =
State your conclusion.
O Do not reject Ho. There is sufficient evidence to conclude that the median price of homes in the suburb differs significantly from $228,830.
Do not reject Ho. There is not sufficient evidence to conclude that the median price of homes in the suburb differs significantly from $228,830.
O Reject Ho. There is sufficient evidence to conclude that the median price of homes in the suburb differs significantly from $228,830.
O Reject Ho. There is not sufficient evidence to conclude that the median price of homes in the suburb differs significantly from $228,830.

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