16. FILE (Use Excel) A realtor in Mission Viejo, California, b e l ie v e s...

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16. FILE (Use Excel) A realtor in Mission Viejo, California, b e l ie v e s that th e s tandard dev ia t ion o f h o u s e prices is mo r e th an 100 units, w h e r e e a ch uni t eq u a l s $ 1 ,0 0 0 . A s sume h o u s e prices are normal ly distributed.

a. State th e null and th e alternat ive h y p o th e s e s for th e te s t .

b. Op en th e Mission Viejo (raw) data from th e te x t w e b s i t e into an Excel sp r e a d sh e e t (data are in $1,000s ) . Calculate th e v a lu e o f th e t e s t statistic.

c. Use Excel's fu n c t ion (either CHISQ.DIST.RT or CHISQ.DIST)

to c a lculate th e p -value.

d. At α = 0.05 w h a t is th e c onc lus ion? Is th e realtor's claim su p p o r t e d by th e data?

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