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

According to a study conducted by dell computers 65 of men

According to a study conducted by Dell Computers, 65% of men and 70% of women say that weight is a very important factor in purchasing a laptop computer. Suppose this survey was conducted using 374 men and 481 women. Do ...

1 describe a 2 x 2 x 3 factorial design how many

1. Describe a 2 x 2 x 3 factorial design. How many independent variables are involved, and how many levels are there of each variable? How many experimental conditions are in a 2 x 2 x 3 factorial design? 2. Distinguish ...

What was the highest point of the popes power and what was

What was the highest point of the pope's power and what was the lowest point?

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 ...

Each of the following sentences violates a basic rule of

Each of the following sentences violates a basic rule of report writing. Indicate the relevant difficulty in each case. a. "The scale was coded to assess optimism, or lack thereof, in the participants." b. "Seven of the ...

Locate the data set banksav and open it with spss follow

Locate the data set "Bank.sav" and open it with SPSS. Follow the steps in section 10.15 Learning Activity as written. Answer all of the questions in the activity based on your observations of the SPSS output. Type your a ...

Consider the following belief space where the set of

Consider the following belief space, where the set of players is N = {I, II}, and the set of states of nature is S = {s 1 , s 2 }: Write out the belief hierarchies of orders 1, 2, and 3 of Player I, at each state of the ...

Twenty years ago 40 children were born in the same hospital

Twenty years ago 40 children were born in the same hospital in Denmark. Researchers classified the children by whether or not they were breast-fed for at least 3 months. They were interested in whether breast-feeding ten ...

1 what are time-series research designs and how are they

1. What are time-series research designs, and how are they used to learn about changes in behavior over time? 2. What types of independent variables can be used in participant-variable research designs, and what conclusi ...

A company has 1000000 to invest in new rampd projects the

A company has $1,000,000 to invest in new R&D projects. The company wants to determine what set of projects should be selected. [Deterministic Scenario] The following table summarizes the initial cost and revenue potenti ...

  • 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

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

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