Question
An article claims that the average price of a new home in Illinois is $328,000. You feel in your town it is more and you
An article claims that the average price of a new home in Illinois is $328,000. You feel in your town it is more and you run a hypothesis test. You sample 30 homes for sale in your town and find the average to be $328,575 with a standard deviation of $1342. What is the test statistic?
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Essentials of Business Analytics
Authors: Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
2nd edition
1305627733, 978-1305861817, 1305861817, 978-0357688960, 978-1305627734
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