Question
A real estate agent claims that the average price of a home sold in Beaver County, Pennsylvania, is $60,000. A random sample of 36 homes
A real estate agent claims that the average price of a home sold in Beaver County, Pennsylvania, is $60,000. A random sample of 36 homes sold in the county is selected, and the prices in dollars are shown on the Excel Worksheet titled "Price". Is there enough evidence to reject the agent's claim at =0.05?
data is shown below
| Selling Price ($) | |
| 9,500 | |
| 29,000 | |
| 6,000 | |
| 42,000 | |
| 95,000 | |
| 15,000 | |
| 76,000 | |
| 284,000 | |
| 54,000 | |
| 121,500 | |
| 13,000 | |
| 7,500 | |
| 92,000 | |
| 28,000 | |
| 85,000 | |
| 99,000 | |
| 184,750 | |
| 188,400 | |
| 32,900 | |
| 38,000 | |
| 53,500 | |
| 25,225 | |
| 94,000 | |
| 15,000 | |
| 121,000 | |
| 126,900 | |
| 60,000 | |
| 27,000 | |
| 40,000 | |
| 80,000 | |
| 164,450 | |
| 308,000 | |
| 25,225 | |
| 211,000 | |
| 21,000 | |
| 97,000 |
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Auditing and Assurance services an integrated approach
Authors: Alvin a. arens, Randal j. elder, Mark s. Beasley
14th Edition
133081605, 132575957, 9780133081602, 978-0132575959
