Data was collected from the sale of 25 properties by a local real estate agent.
ID: 3227416 • Letter: D
Question
Data was collected from the sale of 25 properties by a local real estate agent. The following printout concentrated on the land value variable from the sampled properties. Hypothesis mean = x X= land value Sample mean of x= 47,899 Sample variance of x= 273,643,254 Sample size of x= 25 X= 43,456 Mean X-x= 444.3 T= 1.34293 DF= 24 P-value= 0.1918585 P-value/2= .0959288 SD error= 3308.43 Suppose we are interested in testing whether the mean land value from this neighborhood differs from 43,456. Which hypothesis would you test? A) H0: mean= 43, 456 vs Ha: mean< 43,456 B) H0: mean does not equal 43,456 vs Ha: mean = 43,456 C) H0: mean= 43,456 vs Ha: mean does not equal 43,456 D) H0: mean= 43, 456 vs Ha: mean> 43,456 Data was collected from the sale of 25 properties by a local real estate agent. The following printout concentrated on the land value variable from the sampled properties. Hypothesis mean = x X= land value Sample mean of x= 47,899 Sample variance of x= 273,643,254 Sample size of x= 25 X= 43,456 Mean X-x= 444.3 T= 1.34293 DF= 24 P-value= 0.1918585 P-value/2= .0959288 SD error= 3308.43 Suppose we are interested in testing whether the mean land value from this neighborhood differs from 43,456. Which hypothesis would you test? A) H0: mean= 43, 456 vs Ha: mean< 43,456 B) H0: mean does not equal 43,456 vs Ha: mean = 43,456 C) H0: mean= 43,456 vs Ha: mean does not equal 43,456 D) H0: mean= 43, 456 vs Ha: mean> 43,456 Data was collected from the sale of 25 properties by a local real estate agent. The following printout concentrated on the land value variable from the sampled properties. Hypothesis mean = x X= land value Sample mean of x= 47,899 Sample variance of x= 273,643,254 Sample size of x= 25 X= 43,456 Mean X-x= 444.3 T= 1.34293 DF= 24 P-value= 0.1918585 P-value/2= .0959288 SD error= 3308.43 Suppose we are interested in testing whether the mean land value from this neighborhood differs from 43,456. Which hypothesis would you test? A) H0: mean= 43, 456 vs Ha: mean< 43,456 B) H0: mean does not equal 43,456 vs Ha: mean = 43,456 C) H0: mean= 43,456 vs Ha: mean does not equal 43,456 D) H0: mean= 43, 456 vs Ha: mean> 43,456Explanation / Answer
As the aim is to determine whether the mean land value from this neighborhood differs from 43,456, this means the claim is that mean price is not equal to 43456
Hence alternate hypothesis, Ha: mean does not equal to 43456
and null hypothesis, H0: mean = 43456
Hence option (C) is correct
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