Use a 005 Significance Level and Conduct a Full Hypothesis Test

question 64

Essay

Use a 0.05 significance level and conduct a full hypothesis test. List the null and alternative hypotheses, the z-score, the P-value, and whether to reject or not reject the null hypothesis. Round z-scores to the nearest tenth.
-The National Association of Realtors reported that the mean selling price last year for homes in one city was $116,800. The city housing department feels that this figure is too low. They randomly selected 91 home sales and obtained a mean selling price of $117,900 and a standard deviation of $3700. Test the claim that the mean selling price was $116,800.

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Definitions:

Interprets Evidence

The act of explaining or giving meaning to evidence, typically within a legal context to support a case.

Attorney-Client Privilege

A legal principle that protects communication between a lawyer and their client from being disclosed to third parties, including courts.

Violation

The act of breaching, disregarding, or infringing upon a law, agreement, or prescribed rule.

Considering Divorce

The process of evaluating the legal and personal implications before deciding to legally end a marriage.