Perform a t-test to determine if the average price of comparable homes in Latham is higher than the $305,000 recommended by the real estate agent. Perform a one-sided t-test.

a. make the appropriate hypotheses.

b. make an assumptions required for the test.

c. Calculate the test statistic. (Using Descriptive Statistics command on EXCEL to obtain the sample mean and standard deviation.)

d. Calculate the p-value.

e. What is your decision if the significance level = 0.05?

f. make a conclusion.

This is not a two tailed test.