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

question 92

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 $X = x$
$\begin{array}{rl}\text {X}&=\text { land} -\text { value }\\ \\\text { SAMPLE MEAN OF X }&=51,611\\\text { SAMPLE VARIANCE OF X }&=273,643,254\\\text { SAMPLE SIZE OF X }&=25\\x&=47,168\\\\\text { MEANX- } \mathrm{x} & =4443 \\\mathrm{t} & =1.34293 \\\text { D.F. } & =24 \\\text { P-VALUE } & =0.1918585 \\\text {P -VALUE } / 2 & =0.0959288 \\\text { SD. ERROR } & =3308.43\end{array}$


What is the correct conclusion when testing a greater-than alternative hypothesis at $\alpha = .025$ ?

• A) Accept \(H _ { 0 }\).
• B) Fail to reject \(\mathrm { H } _ { \mathrm { a } }\).
• C) Reject \(H _ { 0 }\).
• D) Fail to reject \(H _ { 0 }\).

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Definitions:

Field Size

In database management, it refers to the maximum amount of data that can be stored in a database field.

Byte

A byte is a unit of digital information that typically consists of 8 bits, used to encode a single character of text in a computer.

Decimal Places

The tally of digits found on the right side of the decimal point in a number, showing its precision level.

Percent Format

A way of displaying numbers as a fraction of 100, often represented with a "%" symbol.