Question: The chamber of commerce of a Florida Gulf Coast community
The chamber of commerce of a Florida Gulf Coast community advertises that area residential property is available at a mean cost of $125,000 or less per lot. Suppose a sample of 32 properties provided a sample mean of $130,000 per lot and a sample standard deviation of $12,500. Use a .05 level of significance to test the validity of the advertising claim.
Answer to relevant QuestionsThe U.S. Energy Administration reported that the mean price for a gallon of regular gasoline in the United States was $2.357 (U.S. Energy Administration, January 30, 2006). Data for a sample of regular gasoline prices at 50 ...A radio station in Myrtle Beach announced that at least 90% of the hotels and motels would be full for the Memorial Day weekend. The station advised listeners to make reservations in advance if they planned to be in the ...Are nursing salaries in Tampa, Florida, lower than those in Dallas, Texas? Salary data show staff nurses in Tampa earn less than staff nurses in Dallas (The Tampa Tribune, January 15, 2007). Suppose that in a follow-up study ...The Professional Golf Association (PGA) measured the putting accuracy of professional golfers playing on the PGA Tour and the best amateur golfers playing in the World Amateur Championship (Golf Magazine, January 2007). A ...Jupiter Media used a survey to determine how people use their free time. Watching television was the most popular activity selected by both men and women (The Wall Street Journal, January 26, 2004). The proportion of men and ...
Post your question