7) A real-estate agent claims that the average home price in a certain county is more than $200,000. Test the claim using a 10% significance level. From a random sample of 100 homes X = $201,325 S = $15,000 Determine: H H : A test statistic: Critical value: t = Tc = Decision: Reject H OR Do not reject H 0 0 Conclusion:
7) A real-estate agent claims that the average home price in a certain county is more than $200,000. Test the claim using a 10% significance level. From a random sample of 100 homes X = $201,325 S = $15,000 Determine: H H : A test statistic: Critical value: t = Tc = Decision: Reject H OR Do not reject H 0 0 Conclusion:
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.6: Summarizing Categorical Data
Problem 30PPS
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Question
7?
![7) A real-estate agent claims that the average home price in a certain county is more than $200,000.
Test the claim using a 10% significance level.
From a random sample of 100 homes
X = $201,325
S = $15,000
Determine:
H
H
:
A
test statistic:
Critical value:
t =
Tc =
Decision:
Reject H
OR
Do not reject H
0
0
Conclusion:](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fbb25f674-b85c-44be-a1b7-9e62a9852406%2Fe3668f0c-f444-44b0-a489-63f8253aa693%2Fl80f09l_processed.jpeg&w=3840&q=75)
Transcribed Image Text:7) A real-estate agent claims that the average home price in a certain county is more than $200,000.
Test the claim using a 10% significance level.
From a random sample of 100 homes
X = $201,325
S = $15,000
Determine:
H
H
:
A
test statistic:
Critical value:
t =
Tc =
Decision:
Reject H
OR
Do not reject H
0
0
Conclusion:
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