Question
The average home in the U.S. is expected to cost $242,000. A random sample of 61 homes sold this month showed an average price of
The average home in the U.S. is expected to cost $242,000. A random sample of 61 homes sold this month showed an average price of $233,000. Assume that you have access to this data. We are interested in determining if the cost of the average home has decreased this month. If the test statistic is -1.85, what is the p-value? (Round your answer to three decimal places.)
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Governing Global Finance
Authors: Michele Fratianni, Paolo Savona
1st Edition
1138742147, 978-1138742147
