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Question Set 2: Mean NY Home Prices Use StatKey to conduct a two-tailed randomization test to determine if there is evidence that the mean price

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Question Set 2: Mean NY Home Prices Use StatKey to conduct a two-tailed randomization test to determine if there is evidence that the mean price of a home in New York is different from $500,000. This data set is built into StatKey and it is labeled "Home Prices - NY." The data are entered in thousands of US dollars. Use the five steps from the online notes. Be sure to include your relevant StatKey output. Step 1: Determine what type of test you need to conduct and write the hypotheses. Type of test: Hypotheses: HO:HO: Ha: Step 2: Construct a randomization distribution under the assumption that the null hypothesis is true. Take at least 5000 resamples. View keyboard shortcuts Step 3: Use the randomization distribution to find the p-value. Step 4: Decide if you should reject or fail to reject the null hypothesis. Step 5: State a real-world conclusion in relation to the original research question. View keyboard shortcuts

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