The Eagle Ridge Contractors Association Claims the Average Price of a Home

question 11

Multiple Choice

The Eagle Ridge Contractors Association claims the average price of a home in their subdivision is $125,150 with a standard deviation of $7,350. A sample of 36 homes for
Sale in this subdivision had an average selling price of $123,550. The Eagle Ridge Home
Owners Association is interested in knowing if the costs of homes for sale in this
Subdivision are actually lower than claimed? Compute the test value.

• A) 1.31
• B) 1.52
• C) -1.31
• D) -1.52

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Definitions:

Employee delegates

Representatives chosen by workers to act on their behalf in discussions or negotiations with management.

France

A country in Western Europe known for its rich history, culture, and significant contributions to art, science, and philosophy.

Militant and reformist

Describes two approaches within social and political movements: 'militant' involves direct action and confrontation, while 'reformist' seeks changes through existing institutional and legal frameworks.

French unions

Labor unions specific to France, with a tradition of vigorous and often public collective bargaining and industrial action.