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The City of Oakley collects a 1.5 percent transfer tax on closed real estate transactions. In an average week, there are usually 32 closed transactions,
The City of Oakley collects a 1.5 percent transfer tax on closed real estate
transactions. In an average week, there are usually 32 closed transactions, with
a standard deviation of 2.4. At the
0.10 level of significance, would you agree with the tax collector's conclusion
that "sales are off this year" if a sample of 16 weeks had a mean of 28.25
closed sales?
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