There are 3 parts to this question!! Answer each part in a separate blank! The average price per square foot for a home in a large county in a certain state is $225. The council of a country town...


There are 3 parts to this question!! Answer each part in a separate blank!<br>The average price per square foot for a home in a large county in a certain state is<br>$225. The council of a country town wonders if the mean price of the homes in<br>their town is less than the mean price of the homes in the county. The town council<br>selected a random sample of 9 homes that have recently sold in their town. They<br>found the price per square foot and want to perform a hypothesis test at the<br>0. 05 significance level. The data is listed below.<br>221.4<br>213.1<br>219.1<br>229.6 220.7<br>224.4<br>221.6<br>217.8<br>223.9<br>1. Calculate the test statistic and the P-value.<br>2. What is the decision at the given significance level?<br>3. What do you conclude?<br>

Extracted text: There are 3 parts to this question!! Answer each part in a separate blank! The average price per square foot for a home in a large county in a certain state is $225. The council of a country town wonders if the mean price of the homes in their town is less than the mean price of the homes in the county. The town council selected a random sample of 9 homes that have recently sold in their town. They found the price per square foot and want to perform a hypothesis test at the 0. 05 significance level. The data is listed below. 221.4 213.1 219.1 229.6 220.7 224.4 221.6 217.8 223.9 1. Calculate the test statistic and the P-value. 2. What is the decision at the given significance level? 3. What do you conclude?

Jun 11, 2022
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