A researcher wants to test if the mean price of houses in an area is greater than $145,00O. A random sample of 35 houses selected from the area produces a mean price of $149,700. Assume that o = $13,100, and that the test is to be made at the 1% significance level. What is the value of the test statistic, z, rounded to three decimal places?

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
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Chapter10: Statistics
Section10.4: Distributions Of Data
Problem 19PFA
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A researcher wants to test if the mean price of houses in an area is greater than $145,000. A random sample of 35 houses selected
from the area produces a mean price of $149,700. Assume that o = $13,100, and that the test is to be made at the 1% significance
level.
What is the value of the test statistic, z, rounded to three decimal places?
Transcribed Image Text:A researcher wants to test if the mean price of houses in an area is greater than $145,000. A random sample of 35 houses selected from the area produces a mean price of $149,700. Assume that o = $13,100, and that the test is to be made at the 1% significance level. What is the value of the test statistic, z, rounded to three decimal places?
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