8.2 Traditional Method

Cost of Building a Home According to the National Association of Home Builders, the average cost of building a home in the Northeast is $117.91 per square foot. A random sample of 40 new homes indicated that the mean cost was $ 122.27 and the standard deviation was $ 15. Can it be concluded that the mean cost differs from $117.91, using the 0.01 level of significance? Part: 0 / 5 Part 1 of 5 State the hypotheses and identify the claim with the correct hypothesis. Ho: H (Choose one) (Choose one) X 5 H1 : 1 (Choose one) $ (Choose one) This hypothesis test is a (Choose one) V t test