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Assessed Land Values A reporter hypothesizes that the average assessed values of land in a large city have changed during a 5-year period. A random sample of wards is selected, and the data (in millions of dollars) are shown. At a = 0.05, can it be concluded that the average taxable assessed values have changed? Use the P-value method. Ward A BCD EFGHI JKLMNOP 1994 18441422 99 116492450282 25 14145 12379 17 1999 161 38222109120522850 2974014856 2038 9 19 Source: Pittsburgh Tribune-Review. a.State the hypotheses and identify the claim. b.Find the critical value(s). c.Compute the test value. d.Make the decision. e.Summarize the results.

Assessed Land Values A reporter hypothesizes that the average assessed values of land in a large city have changed during a 5-year period. A random sample of wards is selected, and the data (in millions of dollars) are shown. At a = 0.05, can it be concluded that the average taxable assessed values have changed? Use the P-value method. Ward A BCD EFGHI JKLMNOP 1994 18441422 99 116492450282 25 14145 12379 17 1999 161 38222109120522850 2974014856 2038 9 19 Source: Pittsburgh Tribune-Review. a.State the hypotheses and identify the claim. b.Find the critical value(s). c.Compute the test value. d.Make the decision. e.Summarize the results.

Linear Algebra: A Modern Introduction
Linear Algebra: A Modern Introduction
4th Edition
ISBN:9781285463247
Author:David Poole
Publisher:David Poole
Chapter3: Matrices
Section3.7: Applications
Problem 44EQ
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Assessed Land Values A reporter hypothesizes that the average assessed values of land in a large city have changed during a 5-year period. A random sample of wards is selected, and the data (in millions of dollars) are shown. At a = 0.05, can it be concluded that the average taxable assessed values have changed? Use the P-value method. Ward A BCD EFGH JKLMNOP 1994 18441422 99 11649245028225 14145 1237 9 17 1999 16138222109120522850 2974014856 2038919 Source: Pittsburgh Tribune-Review. a.State the hypotheses and identify the claim. b.Find the critical value(s). c.Compute the test value. d.Make the decision. e.Summarize the results.
Transcribed Image Text:Assessed Land Values A reporter hypothesizes that the average assessed values of land in a large city have changed during a 5-year period. A random sample of wards is selected, and the data (in millions of dollars) are shown. At a = 0.05, can it be concluded that the average taxable assessed values have changed? Use the P-value method. Ward A BCD EFGH JKLMNOP 1994 18441422 99 11649245028225 14145 1237 9 17 1999 16138222109120522850 2974014856 2038919 Source: Pittsburgh Tribune-Review. a.State the hypotheses and identify the claim. b.Find the critical value(s). c.Compute the test value. d.Make the decision. e.Summarize the results.
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