re have 12 observations in our sample where their house pri nd 9 observations with prices lower than the median. We ca or a = 0.10.

Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter13: Probability And Calculus
Section13.2: Expected Value And Variance Of Continuous Random Variables
Problem 10E
icon
Related questions
Topic Video
Question

True or False ?

4. We wanted to know if the median of house price is equal to 500 million rupiah or not, and
we have 12 observations in our sample where their house prices are higher than the median
and 9 observations with prices lower than the median. We cannot reject the null hypothesis
for a = 0.10.
Transcribed Image Text:4. We wanted to know if the median of house price is equal to 500 million rupiah or not, and we have 12 observations in our sample where their house prices are higher than the median and 9 observations with prices lower than the median. We cannot reject the null hypothesis for a = 0.10.
Expert Solution
steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Propositional Calculus
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Calculus For The Life Sciences
Calculus For The Life Sciences
Calculus
ISBN:
9780321964038
Author:
GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:
Pearson Addison Wesley,
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Algebra
ISBN:
9781680331141
Author:
HOUGHTON MIFFLIN HARCOURT
Publisher:
Houghton Mifflin Harcourt