A real estate agent claims that the average price of a home sold in Beaver Count

Question

A real estate agent claims that the average price of a home sold in Beaver County, Pennsylvania, is $60,000. A random sample of 33 homes sold in the county is selected, and the prices in dollars are shown. Is there enough evidence to reject the agent's claim ata-0.10? Assume -576,025 and X -87,056.06. Source: Pittsburgh Tribune-Review. Part 1 out of 5 State the hypotheses and identify the claim with the correet hypothesis. Ho' (select)..$(1 | |(select) I H 1: | (select) This hypothesis test is a (select) test. MS| | (select) M NEXT Show More

Explanation / Answer

part 1

The following null and alternative hypotheses need to be tested:

Ho: =60000

Ha: 60000

It is a 2 tail test

part 2

critical values are

The 90% confidence interval is 65287.65<<108824.47.

part 3

z = 2.04

Part 4

Reject the null hypothesis

part 5

there is enough evidence to reject....

Related Questions

Navigate

• Browse (All)
• Browse A
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.