Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Statistics and Probability Expert

Find the test statistic value and critical value at α = 0.035.

The Eagle Ridge Contractors Association claims the average price of a home in their subdivision is $125,150 with a standard deviation of $7,350. A sample of 36 homes for sale in this subdivision had an average selling price of $123,550. Is there evidence that the costs of homes for sale in this subdivision are actually lower than claimed?

1. At a = 0.05, what is the test value?

A) 1.31

B) -1.52

C) 1.52

D) -1.31

2. Using the z table in Table E of Appendix C, determine the critical value for the hightailed test with a = 0.035.

1) 1.81

2) 0.39

3) 2.11

4) 2.05

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M922057

Have any Question? 


Related Questions in Statistics and Probability

Answer the following questions showing all work1 using

Answer the following questions showing all work. 1. Using http://onlinestatbook.com/stat_sim/sampling_dist/index.html, select a population distribution that is NOT normal (i.e., heavily skewed, uniform, bimodal). Using t ...

Consider the three alternative allocations of money m in an

Consider the three alternative allocations of money (m) in an economy composed of three people, with people labeled A, B, C, and alternative allocations labeled X, Y, Z. The values in the 9 cells are the moneys accruing ...

A statisticsnbspinstructor at a large western university

A statistics instructor at a large western university would like to examine the relationship (if any) between the number of optional homework problems students do during the semester and their final course grade. She ran ...

The course text notes that tensions and differences in the

The course text notes that tensions and differences in the 1770s led to the American Revolution that eventually produced independence for the United States from Great Britain. When the War for American Independence broke ...

The number of accidents occurring per week at a dangerous

The number of accidents occurring per week at a dangerous intersection, recorded over a period of 6 weeks are, 2, 1, 6, 5, 1, 3. What is the sample standard deviation for this data?

A machine used to fill gallon-sized paint cans is regulated

A machine used to fill gallon-sized paint cans is regulated so that the amount of paint dispensed has a mean of 138 ounces and a standard deviation of 0.40 ounce. You randomly select 45 cans and carefully measure the con ...

Assignmentthe production department of the newspaper wants

Assignment The production department of the newspaper wants to ensure that the mean blackness of the print for all newspapers is at least 0.97 on a standard scale in which the target value is 1.0. A random sample of 50 n ...

Asume that you plan to use a significance level of alpha

Assume that you plan to use a significance level of α = 0.05 to test the claim that p1 = p2. Use the given sample sizes and numbers of successes to find the P-value for the hypothesis test. n1 = 50 n2 = 50 x1 = 8 x2 = 7

Risk taking is an important part of investing in order to

Risk taking is an important part of investing. In order to make suitable investment decisions on behalf of their customers, portfolio managers give a questionnaire to new customers to measure their desire to take financi ...

In a clinical study of an allergy drug 103 of the 202

In a clinical study of an allergy drug, 103 of the 202 subjects reported experiencing significant relief from their symptoms. At the 0.05 significance level, test the claim that more than half of all those using the drug ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen