In previous years, the average market price of warehouses in a particular city equated to $322.80 per
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In previous years, the average market price of warehouses in a particular city equated to $322.80 per m2 of usable floor space. An investor wants to determine whether this figure has changed. A researcher is hired who randomly samples 19 warehouses that are for sale in the city and finds that the mean price is $316.70 per m2 of usable floor space with a standard deviation of $12.90 per m2. If the researcher uses a 5% level of significance, what statistical conclusion can be reached?
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Related Book For
Business Analytics And Statistics
ISBN: 9780730363330
1st Edition
Authors: Ken Black, John Asafu Adjaye, Paul Burke, Nelson Perera, Carl Sherwood, Saleh A. Wasimi
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