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lwilhite33105
15.12.2020 •
Mathematics
Find the average price of homes in the county you selected and use that as population mean prices to state a hypothesis about the data. Note that you already have a sample mean of your area, Use this to set up a hypothesis test. Develop a summary of the five-step hypothesis testing model.
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Ответ:
hello your question has some missing part attached below is the missing part
Average Price of home in my county= $580,400 Mean=640069.371428571 stand error= 20175.166257334
The Sample mean that already have = $ 640,069 Stand. Dev.=119357.893215687 count= 35 Variance: 14246306672.8874
Critical t= confidence=95% sign= 5%
2.05183052
Answer :
First step : Confidence interval
Second step : Hypothesis test
Third step : perform a Test statistic
Fourth step : Reject null hypothesis
Fifth step : conclusion
Step-by-step explanation:
First step : Confidence interval
attached below
confidence interval ; ( 599068.13, 681069.87 )
Second step : Hypothesis test
attached below
Critical values of t = ± 2.032 ( from table )
Third step : perform a Test statistic
attached below
hence t = 2.958
Fourth step : Reject null hypothesis
we will reject null hypothesis because calculated value of t = 2.958 > critical value ( t = 2.032 )
Fifth step : conclusion
Provided data supports claim that average price of home in my area is the same as average price of home in the entire country .
Ответ: