The median price of homes in Austin, Texas is $248,640 (AustinHomeSearch website, April 2015). A sample of 200 homes sold in the south Austin suburb of Westlake Hills found 111 homes with sales prices over $248,640 and 89 homes with sales prices under $248,640. Can you conclude that the median price of homes in Westlake Hills differs from the median price of homes in Austin? Use α=.05 . What is the p- Value?

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.3: Measures Of Spread
Problem 1GP
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The median price of homes in Austin, Texas is $248,640 (AustinHomeSearch website, April 2015). A sample of 200 homes sold in the south Austin suburb of Westlake Hills found 111 homes with sales prices over $248,640 and 89 homes with sales prices under $248,640. Can you conclude that the median price of homes in Westlake Hills differs from the median price of homes in Austin? Use α=.05 .

What is the p- Value?

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