Zillow.com allows people to research real estate listings. One feature is the Zestimate, which represents the price

Question:

Zillow.com allows people to research real estate listings. One feature is the "Zestimate," which represents the price Zillow believes the property should sell for. If the Zestimate is accurate, the median difference between the actual selling price and the Zestimate should be zero. The following data represent the difference between the actual selling price and Zestimate for a random sample of 10 real estate transactions. Do the data suggest the Zestimate is inaccurate? Use the α = 0.05 level of significance.

2500 -500 -79,500 3,500 - 13,500 - 12,500 -500 14,500 -1000 -6000
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: