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Suppose your hypothesis is that the average price of a two bedroom home in Little Rock...

Suppose your hypothesis is that the average price of a two bedroom home in Little Rock is $150,000. You sample 10 homes and find an average price of $145000 with a standard deviation of 7,500. Set up the null hypothesis, and the alternate hypothesis (you can write this out in words). Show the test statistic, the critical statistic, and the results of your hypothesis test. (A) Test the hypothesis at the 10% significance level (B) Test the hypothesis at 5% significance level (C) Test the hypothesis at 1% significance level.

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milcah answered 1 year ago
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