Answered step by step
Verified Expert Solution
Question
1 Approved Answer
O 1.697 D Question 54 1 pts What is the correct conclusion? O Reject Ho. Accept HA. Accept Ho. HA is unsupported. Do not reject
O 1.697 D Question 54 1 pts What is the correct conclusion? O Reject Ho. Accept HA. Accept Ho. HA is unsupported. Do not reject Ho. Accept HA. Do not reject Ho. HA is unsupported. D Question 55 1 pts What is the correct interpretation? O At the a = 0.05 significance level, we can conclude that the population mean salary of realtors in Sara's county is higher than the state-wide mean in Michigan. At the a = 0.05 significance level, we cannot conclude that the population mean salary of realtors in Sara's county is higher than the state- wide mean in Michigan. O At the a = 0.05 significance level, we can conclude that the population mean salary of realtors in Sara's county is less than or equal to the state-wide mean in Michigan.D Question 49 1 pts For questions 49 through 55, refer to the following problem: According to the U.S. Bureau of Labor and Statistics, realtors in Michigan make $51,870 on average. Sara was interested to know how the realtors in her county compare to the state-wide average. She collected a random sample of realtors in her county. In the sample of 30 realtors, the mean salary was $53,720. The population standard deviation of salaries among realtors is $17,500. Perform and interpret a hypothesis test to determine whether the population mean salary of realtors in Sara's county is higher than the Michigan state-wide mean at the a = 0.05 significance level. What is Mo? 53720 O 30 17500 51870 D Question 50 1 pts What are the correct hypotheses?D Question 50 1 pts What are the correct hypotheses? O Ho : M1- M2 51870 O Ho : M 51870 O Ho : M 53720 O Ho : M 2 51870 HA : A
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