Mr. John is a central New Jersey real estate salesman. He claims that the median selling price
Question:
Mr. John is a central New Jersey real estate salesman. He claims that the median selling price of houses in the area is about $ 100,000. To check this claim, you randomly select 10 houses that were recently sold in this area and record the following prices (in thousands of dollars).
Using the sign test, determine whether the salesman’s claim is reasonable.
Transcribed Image Text:
120 115 100 113 103 97 90 111 95 88
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Related Book For
Statistics For Business And Financial Economics
ISBN: 9781461458975
3rd Edition
Authors: Cheng Few Lee , John C Lee , Alice C Lee
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