Find the value of the test statistic. (Round your answer to two decimal places.) Find the p-value. (Round your answer to four decimal places.) D-value-

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
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Chapter1: Starting With Matlab
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The median price of homes in in a certain city was $228,830. A sample of 200 homes sold in a suburb of the city found 113 homes with sales prices over $228,830 and 87 homes with sales prices under $228,830. Can you conclude that the median price of homes in the suburb differs from the median price of homes in the entir
city? Use a = 0.05.
State the null and alternative hypotheses.
O Ho: Median # 228,830
H₂: Median = 228,830
O Ho: Median 2 228,830
H₂: Median < 228,830
Ho: Median = 228,830
H₂: Median # 228,830
O Ho: Median ≤ 228,830
H₂: Median > 228,830
O Ho: Median > 228,830
H₂: Median = 228,830
Find the value of the test statistic. (Round your answer to two decimal places.)
z =
Find the p-value. (Round your answer to four decimal places.)
p-value =
State your conclusion.
O Do not reject Ho. There is sufficient evidence to conclude that the median price of homes in the suburb differs significantly from $228,830.
Do not reject Ho. There is not sufficient evidence to conclude that the median price of homes in the suburb differs significantly from $228,830.
O Reject Ho. There is sufficient evidence to conclude that the median price of homes in the suburb differs significantly from $228,830.
O Reject Ho. There is not sufficient evidence to conclude that the median price of homes in the suburb differs significantly from $228,830.
Transcribed Image Text:The median price of homes in in a certain city was $228,830. A sample of 200 homes sold in a suburb of the city found 113 homes with sales prices over $228,830 and 87 homes with sales prices under $228,830. Can you conclude that the median price of homes in the suburb differs from the median price of homes in the entir city? Use a = 0.05. State the null and alternative hypotheses. O Ho: Median # 228,830 H₂: Median = 228,830 O Ho: Median 2 228,830 H₂: Median < 228,830 Ho: Median = 228,830 H₂: Median # 228,830 O Ho: Median ≤ 228,830 H₂: Median > 228,830 O Ho: Median > 228,830 H₂: Median = 228,830 Find the value of the test statistic. (Round your answer to two decimal places.) z = Find the p-value. (Round your answer to four decimal places.) p-value = State your conclusion. O Do not reject Ho. There is sufficient evidence to conclude that the median price of homes in the suburb differs significantly from $228,830. Do not reject Ho. There is not sufficient evidence to conclude that the median price of homes in the suburb differs significantly from $228,830. O Reject Ho. There is sufficient evidence to conclude that the median price of homes in the suburb differs significantly from $228,830. O Reject Ho. There is not sufficient evidence to conclude that the median price of homes in the suburb differs significantly from $228,830.
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