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A realtor claims that in a certain neighborhood, the average house is worth $200,000. Having been house shopping in that neighborhood, you do not believe the claim and wish to provide evidence that the claim is not true. You collect a random sample of 200 recent house sales in that neighborhood, finding an average sale price of $203,910 with a standard deviation of $21,597.

A realtor claims that in a certain neighborhood, the average house is worth $200,000. Having been house shopping in that neighborhood, you do not believe the claim and wish to provide evidence that the claim is not true. You collect a random sample of 200 recent house sales in that neighborhood, finding an average sale price of $203,910 with a standard deviation of $21,597.

Calculus For The Life Sciences
Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter12: Probability
Section12.CR: Chapter 12 Review
Problem 16CR
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A realtor claims that in a certain neighborhood, the average house is worth $200,000. Having been house shopping in that neighborhood, you do not believe the claim and wish to provide evidence that the claim is not true. You collect a random sample of 200 recent house sales in that neighborhood, finding an average sale price of $203,910 with a standard deviation of $21,597. Correctly using a hypothesis test, which of the following statements is most accurate? You cannot reject the null at the 10% level of significance O You can reject the null at the 10% level of significance, but cannot reject the null at the 5%, 2%, or 1% level of significance You can reject the null at the 10% and 5% level of significance, but cannot reject the null at the 2%, or 1% level of significance You can reject the null at the 10%, 5%, and 2% level of significance, but cannot reject the null at the 1% level of significance You can reject the null at the 10%, 5%, 2%, and 1% level of significance Previous Next pu know: Ctv A
Transcribed Image Text:A realtor claims that in a certain neighborhood, the average house is worth $200,000. Having been house shopping in that neighborhood, you do not believe the claim and wish to provide evidence that the claim is not true. You collect a random sample of 200 recent house sales in that neighborhood, finding an average sale price of $203,910 with a standard deviation of $21,597. Correctly using a hypothesis test, which of the following statements is most accurate? You cannot reject the null at the 10% level of significance O You can reject the null at the 10% level of significance, but cannot reject the null at the 5%, 2%, or 1% level of significance You can reject the null at the 10% and 5% level of significance, but cannot reject the null at the 2%, or 1% level of significance You can reject the null at the 10%, 5%, and 2% level of significance, but cannot reject the null at the 1% level of significance You can reject the null at the 10%, 5%, 2%, and 1% level of significance Previous Next pu know: Ctv A
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