Data Were Collected from the Sale of 25 Properties by a Local

question 74

Multiple Choice

Data were collected from the sale of 25 properties by a local real estate agent. The following printout concentrated on the land value variable from the sampled properties.
HYPOTHESIS: MEAN X $= x$

$\begin{array}{rl}\text {X}&=\text { land} -\text { value }\\ \\\text { SAMPLE MEAN OF X }&=50,740\\\text { SAMPLE VARIANCE OF X }&=273,643,254\\\text { SAMPLE SIZE OF X }&=25\\x&=46,297\\\\\text { MEANX- } \mathrm{x} & =4443 \\\mathrm{t} & =1.34293 \\\text { D.F. } & =24 \\\text { P-VALUE } & =0.1918585 \\\text {P -VALUE } / 2 & =0.0959288 \\\text { SD. ERROR } & =3308.43\end{array}$

Find the $p$ -value for testing whether the mean land value differs from $\$ 46,297$ .

• A) \(p = 0.1918585\)
• B) \(p = 0.808142\)
• C) \(p = 0.308142\)
• D) \(p = 0.0959288\)

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Definitions:

Liquidation

The process of winding up a company's operations, selling off its assets to pay off debts, and distributing any remaining assets to shareholders.

Treasury Stock

Shares that were once a part of the outstanding shares of a company's stock but were later repurchased by the company and are now held in the company’s treasury.

Shareholders' Equity

The residual interest in the assets of a corporation that remains after deducting its liabilities, often referred to as stockholders' equity or owners equity.

Common Stock

A type of equity security that represents ownership in a corporation, granting holders a share of profits in the form of dividends and voting rights.