Question: text for reference on how to interpret the confidence intenral . Make a recommendation to the city government leaders regarding the accuracy of the information

 text for reference on how to interpret the confidence intenral .

text for reference on how to interpret the confidence intenral . Make a recommendation to the city government leaders regarding the accuracy of the information that the residents provided in light of your confidence interval and data. 4. Conduct a One -Sample Hypothesis Test of the Mean Individual Apartment Price In Melbourne a. According to the data that the real -estate Investors collected, the mean individual apartment price within a 41 -kilometer (about 25 miles } radius of the Central Business District of Melbourne is $453,993.94 .You are going to use a hypothesis test to determine whether the true mean apartment price is higher than $453,993.94 .The population standard deviation is known to be $230,222.00.Assume that apartment prices are normally distributed i. The null and alternative hypotheses are as follows : H\": JJ =$453,993.94 H.: p >$453.993.94 ii. Use your sample of n = 300 and your mean to conduct a hypothesis test using a 5% level of significance to determine if the mean apartment price is more than $453,993.94 .Flefer to your text , examples 9.14 and 9.15 for additional guidance. As part of your presentation to city government officials (Google Slides - Part 2), explain the results of the ane -sample hypothesis test conducted based on your data , and determine whether or not to reject the null hypothesis Additionally ,make reference to any other statistics that you deem important in your own analysis of apartment prices .In light of your analysis ,make a recommendation to the city government leaders regarding the accuracy of the information that the real -estate investors provided 5. Conclusion a . 6. Ethical a . 7- Submlt Requirements Write a meaningful conclusion that summarizes your findings regarding both the residents and real -estate investors and make your own recommendation to the city government officials about apartment prices within 41 -kilometers of the Central Business District of Melbourne Considerations of Statistics In your Google Slides - Part 2 presentation ,reflect on the tension between the pressure to manipulate data to suppon an existing desired outcome and employing proper statistical techniques to determine an outcome that is in line with ethical statistical practices and a Christian worldview in the context of the provided scenario regarding real -estate investors and city residents .See the Ethical Guidelines for Statistical Practice (link on the overview page ). For context about a Christian worldview in regard to work and communication of infomtation ,review this link from Truth ,Honesty and Deception In the Workplace :Overvlew (link on the Overview page ). Pay speci al attention in this article to the introduction .oonclusion .Truthtelllng in the Bible (link on the ovenriew page ). Why Truthtelling Is Important (link on the overview page }, and There May Be Exceptions to Truthtelling in the Workplace (link on the cvenriew page). a link to your shared presentation In Google Drive . - Google Sheets Setup

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!