According to an estimate, the average price of homes in Marthas Vine.pdf
According to an estimate, the average price of homes in Martha's Vineyard, Massachusetts, was $650,000 in 2011 (USA TODAY, August 11, 2011). A recent random sample of 70 homes from Martha's Vineyard showed that their average price is $680,000 with a standard deviation of $100,000. Using a 2% significance level, can you conclude that the current average price of homes in Martha's Vineyard is different from $650,000 ? Use both the p-value and critical-value approaches. Use the p-value approach. Use the t distribution table to find a range for the p-value. Enter the exact values for the range..
According to an estimate, the average price of homes in Marthas Vine.pdf
According to an estimate, the average price of homes in Martha's Vineyard, Massachusetts, was $650,000 in 2011 (USA TODAY, August 11, 2011). A recent random sample of 70 homes from Martha's Vineyard showed that their average price is $680,000 with a standard deviation of $100,000. Using a 2% significance level, can you conclude that the current average price of homes in Martha's Vineyard is different from $650,000 ? Use both the p-value and critical-value approaches. Use the p-value approach. Use the t distribution table to find a range for the p-value. Enter the exact values for the range..
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According to an estimate, the average price of homes in Marthas Vine.pdf
- 1. According to an estimate, the average price of homes in Martha's Vineyard, Massachusetts, was $650,000 in 2011 (USA TODAY, August 11, 2011). A recent random sample of 70 homes from Martha's Vineyard showed that their average price is $680,000 with a standard deviation of $100,000. Using a 2% significance level, can you conclude that the current average price of homes in Martha's Vineyard is different from $650,000 ? Use both the p-value and critical-value approaches. Use the p-value approach. Use the t distribution table to find a range for the p-value. Enter the exact values for the range.