Aresearcher wants to test if the mean price of houses in an area is greater than $145,000. A random sample of 39 houses selected from the area produces a mean price of $ 150200. Assume that a = $12900, and that the test is to be made at the 1% significance level. What is the p-value for this hypothesis test, rounded to four decimal places?

Aresearcher wants to test if the mean price of houses in an area is greater than $145,000. A random sample of 39 houses selected from the area produces a mean price of $ 150200. Assume that a = $12900, and that the test is to be made at the 1% significance level. What is the p-value for this hypothesis test, rounded to four decimal places?

College Algebra (MindTap Course List)

12th Edition

ISBN:9781305652231

Author:R. David Gustafson, Jeff Hughes

Publisher:R. David Gustafson, Jeff Hughes

Chapter8: Sequences, Series, And Probability

Section8.7: Probability

Problem 58E: What is meant by the sample space of an experiment?

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