Question
[Utilize the normal curve graph as a reference to describe where the p value and test statistic would be placed with the provided info] t=2.147627617
[Utilize the normal curve graph as a reference to describe where thepvalue and test statistic would be placed with the provided info]
t=2.147627617
P value =0.015991565
You have been hired by a regional real estate company to help them analyze data. One of the agent's claims his sales per square foot price is higher than the rest of his region's. He claims his price per square foot is $275.
Significance value is .05
Data collection from 1,001 homes in his region-
mean price per square foot: $264.02
median price per square foot: $202.966
standard deviation: 161.756
standard error: 5.113
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