In this scenario, what is the test statistic?

A realtor would like to test the claim that the average condo selling price is greater than200thousand dollars.

• Sample size=20 recently sold condos
• Sample mean=250 thousand dollars
• Sample standard deviation=75thousand dollars

Calculate the test statisticusing the formula:

• where:x= sample mean
• s= sample standard deviation,
• n= sample size, and
• 0= population mean under the null hypothesis.

Round your answer to2

decimal places.