The median price of homes in Austin, Texas is $310,400 (Austin Board of Realtors website). A sample
Question:
The median price of homes in Austin, Texas is $310,400 (Austin Board of Realtors website). A sample of 200 homes sold in the south Austin suburb of Westlake Hills found 111 homes with sales prices over $310,400 and 89 homes with sales prices under $310,400. Can you conclude that the median price of homes in Westlake Hills differs from the median price of homes in Austin?
Use α = .05.
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H 0 Median 310400 H a Median 310400 With the number of plus signs 111 in the upper tail we use th...View the full answer
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Related Book For 
Modern Business Statistics With Microsoft Excel
ISBN: 9780357131381
7th Edition
Authors: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams, Jeffrey D. Camm, James J. Cochran
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