Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Data on land value were collected from the sale of 18 properties by a local real estate agent. We want to test Ho : u

image text in transcribed
Data on land value were collected from the sale of 18 properties by a local real estate agent. We want to test Ho : u = 40, 183 versus H1 : u > 40, 183 with a = 0.05. The following estimates concentrated on the land value variable from the sampled properties: Cn = 42411.3, Sn = 189683181, n = 18, p-value =0.2508 What assumptions are necessary for any inferences derived from these estimates to be valid? The sampling distribution of the sample mean is approximately normal. None. The central limit theorem makes any assumptions unnecessary. O The test statistic is approximately normal. The sample was selected from an approximately normal population

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Equation Of Knowledge From Bayes Rule To A Unified Philosophy Of Science

Authors: Lê Nguyên Hoang

1st Edition

1000063275, 9781000063271

More Books

Students also viewed these Mathematics questions