A real-estate agent compares the selling prices of homes in a municipality in southwestern PA compared to
Question:
A real-estate agent compares the selling prices of homes in a municipality in southwestern PA compared to the average selling price of a home in PA(125,000)to see if there is a difference. The results of her study are shown. Is there enough evidence to reject the claim that the average cost of a home in Scott Township is different than the average population price in PA?
Scott: Xbar = 123, 430 standard deviation = 3702 n = 25
a. What interval method will you use to create your interval and why?
b. Create a 95% confidence interval.
C. Create a hypothesis test at alpha = 0.05 testing the claim that the average
cost of a home in Scott Township is different than the average population price in PA
. Do you accept or reject the null hypothesis?
*State the null and alternative hypothesis.
*Calculate the test statistic
*Draw the normal curve with boundary values for the one or two sided test.
*Clearly state of you accept or reject the null hypothesis.
Expert Answer:
ANSWER a We will use a tinterval method to create the interval because the population standard devia... View the full answer
