Cities Only data online, which reports information on average house prices nationally and in a selection of
Question:
Cities Only data online, which reports information on average house prices nationally and in a selection of cities across Canada.
a. Develop a 98% confidence interval for the mean list price for all cities for January 2014.
b. Is it possible that the population mean is $300,000? Test at the 0.05 significance level. What is the p-value? Use this result in your answer.
c. Is it possible that the population mean is $400,000? Use the results in part (a) to test at the 0.02 significance level. What is the p-value? Use this result to support your answer.
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Related Book For
Basic Statistics For Business & Economics
ISBN: 9781259268939
6th Canadian Edition
Authors: Douglas A. Lind, William G Marchal, Samuel A. Wathen, Carol Ann Waite
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