A Realtor in Mission Viejo, California, believes that the average price of a house is more than
Question:
a. State the null and the alternative hypotheses for the test.
b. Open the MV_Houses data from the text website into an Excel spreadsheet (data are in $1,000s). Use the function Z.TEST to calculate the p-value. Assume the population standard deviation is $100 (in $1,000s).
c. At α = 0.05 what is the conclusion to the test? Is the Realtor’s claim supported by the data?
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a H 0 500000 H A 500000 b Excel CommandZTEST A2A37 5...View the full answer
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Related Book For 
Essentials Of Business Statistics Communicating With Numbers
ISBN: 9780078020544
1st Edition
Authors: Sanjiv Jaggia, Alison Kelly
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