Question: 5. We want to test the hypothesis that the average price of a house in NY is greater than $265, 000. We are given a

5. We want to test the hypothesis that the average price of a house in NY is greater than $265, 000. We are given a sample of 30 houses in NY and their (sample) mean average price is $285, 000, and the sample standard deviation 1 is $50, 000. Test the hypothesis that the average price of a house in NY is more than $265, 000 using = 0.05.

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