Question
A Real estate agent believes that the average closing cost of purchasing a condo is $6,500 over the purchase price. she selects 40 new condo
A Real estate agent believes that the average closing cost of purchasing a condo is $6,500 over the purchase price. she selects 40 new condo sales at random and finds that the average closing costs are $6,600 with a standard deviation of $120. use the confidence - level method to test the real estate agent's claim at the 0.05 level of significance.
A Real estate agent believes that the average closing cost of purchasing a condo is $6,500 over the purchase price. she selects 40 new condo sales at random and finds that the average closing costs are $6,600 with a standard deviation of $120. use the confidence - level method to test the real estate agent's claim at the 0.05 level of significance.
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Probability & Statistics For Engineers & Scientists
Authors: Ronald E. Walpole, Raymond H. Myers, Sharon L. Myers, Keying
7th Edition
9789813131279, 130415294, 9813131276, 978-0130415295
