Use the sample data to construct a 95% confidence interval for the mean price of a home in Winston-Salem. Since $ CL = 95\%, \alpha = 0.05 $. Determine the t-score associated with this CL and use it to determine the error bound of the population mean (EBM). Finally, construct a statement in the context of the problem that explains your result. (Use the following statement as a template and fill in the blanks with your results.)"We believe, at the __% confidence level, that the true population mean of home prices in Winston-Salem lies between $_____ and $_____."Response Feedback: [None Given] **Table 1: A random sampling of 30 homes in the Winston-Salem area.**| Price ($) | Size (single- or multi-level) ||-----------|-------------------------------|| 178,900 | 1 || 218,000 | 2 || 239,900 | 1 || 142,000 | 1 || 183,200 | 2 || 279,600 | 2 || 199,900 | 2 || 314,900 | 2 || 130,000 | 1 || 339,900 | 1 || 200,000 | 2 || 254,900 | 2 || 293,500 | 2 || 225,000 | 2 || 249,900 | 2 || 145,000 | 1 || 284,900 | 1 || 259,900 | 1 || 165,000 | 1 || 277,900 | 2 || 210,000 | 2 || 285,000 | 2 || 174,900 | 1 || 195,000 | 1 || 289,900 | 2 || 225,000 | 2 || 179,000 | 1 || 248,900 | 2 || 209,900 | 2 || 225,000 | 2 |This table presents data for 30 homes in the Winston-Salem area. Each entry provides the price of a home alongside its size category, defined as either single-level (denoted by "1") or multi-level (denoted by "2").

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Answered: Use the sample data to construct a 95%…

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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A certain statistics instructor participates in triathlons. The accompanying table lists times (in minutes and seconds) he recorded while riding a bicycle for five laps through each mile of a 3-mile loop. Use a 0.05 significance level to test the claim that it takes the same time to ride each of the miles. Does one of the miles appear to have a hill? Click the icon to view the data table of the riding times. Determine the null and alternative hypotheses. Ho: H₁: Find the F test statistic. F = Find the P-value using the F test statistic. P-value = What is the conclusion for this hypothesis test? (Round to four decimal places as needed.) (Round to four decimal places as needed.) C O A. Fail to reject Ho. There is insufficient evidence to warrant rejection of the claim that the three different miles have the same mean ride time. O B. Fail to reject Ho. There is sufficient evidence to warrant rejection of the claim that the three different miles have the same mean ride time. O C. Reject…
A certain statistics instructor participates in triathlons. The accompanying table lists times (in minutes and seconds) he recorded while riding a bicycle for five laps through each mile of a 3-mile loop. Use a 0.05 significance level to test the claim that it takes the same time to ride each of the miles. Does one of the miles appear to have a hill? Click the icon to view the data table of the riding times. Determine the null and alternative hypotheses. Ho: H₁: xar Riding Times (minutes and seconds) Mile 1 Mile 2 Mile 3 3:15 3:23 3:24 3:22 3:20 3:19 3:22 3:21 3:16 3:18 3:33 3:30 3:28 3:30 3:28 (Note: when pasting the data into your technology, each mile row will have separate columns for each minute and second entry. You will need to convert each minute/second entry into seconds only.) Print Done X all Check answer

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