The chamber of commerce of a Florida Gulf Coast community advertises that area residential property is available at mean cost of $125,000 or less per lot. Suppose a sample of 41 properties provided a sample mean of $133,000 per lot and a population standard deviation of $13,000. Use a .1 level of significance to test the validity of the advertising claim.
The chamber of commerce of a Florida Gulf Coast community advertises that area residential property is available at mean cost of $125,000 or less per lot. Suppose a sample of 41 properties provided a sample mean of $133,000 per lot and a population standard deviation of $13,000. Use a .1 level of significance to test the validity of the advertising claim.
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.5: Comparing Sets Of Data
Problem 1GP
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