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According to Money, the average house owner stays with the property for 6 years.

Suppose that a random sample of 120 house owners reveals that the average ownership period until the property is sold was 7.2 years and the standard deviation was 3.5 years.

Conduct a two-tailed hypothesis test using α = 0.05 and state your conclusion. What is your p-value?

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Category:- Statistics and Probability
Reference No.:- M92182532

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