Answered step by step
Verified Expert Solution
Question
1 Approved Answer
According to the National Association of Realtors, it took an average of three weeks to sell a home in2017. Data for the sale of40randomly selected
According to the National Association of Realtors, it took an average of three weeks to sell a home in2017. Data for the sale of40randomly selected homes sold in Greene County, Ohio, in2017showed a sample mean of3.6weeks with a sample standard deviation of2weeks. Conduct a hypothesis test to determine whether the number of weeks until a house sold in Greene County differed from the national average in 2017. Round your answer to four decimal places. Use =0.05 for the level of significance, and state your conclusion
p-value=
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started