Question: To evaluate these hypotheses, a one-sample t-test is appropriate. The one-sample t-test is used when we have a single sample and want to compare its

To evaluate these hypotheses, a one-sample t-test is appropriate. The one-sample t-test is

used when we have a single sample and want to compare its mean to a specific value or

hypothesized mean. In this case, we are comparing the sample mean (from the random sample of

750 houses) to the claimed population mean of $280.

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