Question
according to an estimate, the average price of homes in Marthas Vineyard, Massachusetts, was 650,000 in 2011(USA TODAY, August 11, 2011) A recent random sample
according to an estimate, the average price of homes in Marthas Vineyard, Massachusetts, was 650,000 in 2011(USA TODAY, August 11, 2011) A recent random sample of 69 homes from Marthas Vineyard showed that their average price is 685,000 with a standard deviation of 95,000. using a 5% signifiance level, can you conclude that the current average price of homes in Marthas Vineyard is diffrent from 650,000 use both the p-value and critical value approaches.
Use the p-value approach. use the distribution to find a range for the p value.
Observed value=
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Essential Calculus Early Transcendental Functions
Authors: Ron Larson, Robert P. Hostetler, Bruce H. Edwards
1st Edition
618879188, 618879182, 978-0618879182
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