Solved

Data Were Collected from the Sale of 25 Properties by a Local

Question 90

Multiple Choice

Data were 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=xX = x
X= land value  SAMPLE MEAN OF X =51,611 SAMPLE VARIANCE OF X =273,643,254 SAMPLE SIZE OF X =25x=47,168 MEANX- x=4443t=1.34293 D.F. =24 P-VALUE =0.1918585P -VALUE /2=0.0959288 SD. ERROR =3308.43\begin{array}{rl}\text {X}&=\text { land} -\text { value }\\ \\\text { SAMPLE MEAN OF X }&=51,611\\\text { SAMPLE VARIANCE OF X }&=273,643,254\\\text { SAMPLE SIZE OF X }&=25\\x&=47,168\\\\\text { MEANX- } \mathrm{x} & =4443 \\\mathrm{t} & =1.34293 \\\text { D.F. } & =24 \\\text { P-VALUE } & =0.1918585 \\\text {P -VALUE } / 2 & =0.0959288 \\\text { SD. ERROR } & =3308.43\end{array}


What is the correct conclusion when testing a greater-than alternative hypothesis at α=.025\alpha = .025 ?


A) Accept H0H _ { 0 } .
B) Fail to reject Ha\mathrm { H } _ { \mathrm { a } } .
C) Reject H0H _ { 0 } .
D) Fail to reject H0H _ { 0 } .

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents