Question: Work through this hypothesis test using each step of hypothesis testing. You may want to borrow the prompts from the previous problem. A sample of

Work through this hypothesis test using each step of hypothesis testing. You may want to borrow the prompts from the previous problem.

A sample of 14 homes for sale in ABC City showed a mean asking price of $412,000, but the city claimed that the mean asking price for the population was $420,500. The population standard deviation of all homes for sale was $2,800. Use the p-value approach to conduct a full hypothesis (all steps - follow the guidance in the last problem) that can be used to determine whether the mean asking price is significantly different from $420,500 Let=. 0.05

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