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According to the National Association of Realtors, it took an average of three weeks to sell a home in 2017. Data for the sale of 40 randomly selected homes sold in Greene County, Ohio, in 2017 showed a sample mean of 3.6 weeks with a sample standard deviation of 2 weeks. Conduct a hypothesis test to determi whether the number of weeks until a house sold in Greene County differed from the national average in 2017. Round your answer to four decimal places. p-value = Use a = 0.05 for the level of significance, and state your conclusion. I. Reject Ho. There is a statistically significant difference between the national average time to sell a home and the mean time to sell a home in Greene County. I. Reject Ho. There is not a statistically significant difference between the national average time to sell a home and the mean time to sell a home in Greene County. I. Do not reject Ho. There is a statistically significant difference between the national average time to sell a home and the mean time to sell a home in Green County. V. Do not reject Ho. There is not a statistically significant difference between the national average time to sell a home and the mean time to sell a home in Greene County. Choose the correct option. - Select your answer

According to the National Association of Realtors, it took an average of three weeks to sell a home in 2017. Data for the sale of 40 randomly selected homes sold in Greene County, Ohio, in 2017 showed a sample mean of 3.6 weeks with a sample standard deviation of 2 weeks. Conduct a hypothesis test to determi whether the number of weeks until a house sold in Greene County differed from the national average in 2017. Round your answer to four decimal places. p-value = Use a = 0.05 for the level of significance, and state your conclusion. I. Reject Ho. There is a statistically significant difference between the national average time to sell a home and the mean time to sell a home in Greene County. I. Reject Ho. There is not a statistically significant difference between the national average time to sell a home and the mean time to sell a home in Greene County. I. Do not reject Ho. There is a statistically significant difference between the national average time to sell a home and the mean time to sell a home in Green County. V. Do not reject Ho. There is not a statistically significant difference between the national average time to sell a home and the mean time to sell a home in Greene County. Choose the correct option. - Select your answer

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.4: Distributions Of Data
Problem 19PFA
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According to the National Association of Realtors, it took an average of three weeks to sell a home in 2017. Data for the sale of 40 randomly selected homes sold in Greene County, Ohio, in 2017 showed a sample mean of 3.6 weeks with a sample standard deviation of 2 weeks. Conduct a hypothesis test to determin whether the number of weeks until a house sold in Greene County differed from the national average in 2017. Round your answer to four decimal places. p-value = Use a = 0.05 for the level of significance, and state your conclusion. I. Reject Ho. There is a statistically significant difference between the national average time to sell a home and the mean time to sell a home in Greene County. II. Reject Ho. There is not a statistically significant difference between the national average time to sell home and the mean time to sell a home in Greene County. [II. Do not reject Ho. There is a statistically significant difference between the national average time to sell a home and the mean time to sell a home in Greene County. IV. Do not reject Ho. There is not a statistically significant difference between the national average time to sell a home and the mean time to sell a home in Greene County. Choose the correct option. - Select your answer - ♦
Transcribed Image Text:According to the National Association of Realtors, it took an average of three weeks to sell a home in 2017. Data for the sale of 40 randomly selected homes sold in Greene County, Ohio, in 2017 showed a sample mean of 3.6 weeks with a sample standard deviation of 2 weeks. Conduct a hypothesis test to determin whether the number of weeks until a house sold in Greene County differed from the national average in 2017. Round your answer to four decimal places. p-value = Use a = 0.05 for the level of significance, and state your conclusion. I. Reject Ho. There is a statistically significant difference between the national average time to sell a home and the mean time to sell a home in Greene County. II. Reject Ho. There is not a statistically significant difference between the national average time to sell home and the mean time to sell a home in Greene County. [II. Do not reject Ho. There is a statistically significant difference between the national average time to sell a home and the mean time to sell a home in Greene County. IV. Do not reject Ho. There is not a statistically significant difference between the national average time to sell a home and the mean time to sell a home in Greene County. Choose the correct option. - Select your answer - ♦
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