The Claim of a Local Real Estate Agent Is That $\alpha$

question 39

Essay

The claim of a local real estate agent is that the median selling price of homes in a major city is more than $200,000. Suppose a random sample of 100 homes sold in the last six months is taken and 53 sold for over $200,000
-Using $\alpha$ = .01,test the real estate agent's claim.What do you conclude about the selling prices of the homes?

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Definitions:

Fort Wagner

A site of significant battle during the American Civil War, particularly known for the valiant charge of the 54th Massachusetts Volunteer Infantry, an African American regiment, in 1863.

Jefferson Davis

The President of the Confederate States of America during the American Civil War, known for his leadership in the secessionist movement and efforts to establish a separate nationhood for the southern states.

Summary Execution

The immediate, unlawful killing of a prisoner without a formal trial.

Conscripted Slaves

Slaves who were forced into military service or labor against their will, often without pay or for minimal compensation.