Use the Following to Answer Questions

question 59

Multiple Choice

Use the following to answer questions :
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) 1.31
• C) -1.52
• D) 1.52

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Definitions:

Listening

The active process of receiving, interpreting, and responding to verbal and non-verbal messages.

Physical Environments

concerns the tangible, physical conditions or surroundings in which individuals live or operate.

Social Environments

The immediate physical and social setting in which people live or in which something happens or develops, including cultural, economic, and demographic conditions.

Stewardship

The responsible management and care of resources or property for the well-being of others and future generations.