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

Question 71

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 =x= x

X= land value  SAMPLE MEAN OF X =50,740 SAMPLE VARIANCE OF X =273,643,254 SAMPLE SIZE OF X =25x=46,297 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 }&=50,740\\\text { SAMPLE VARIANCE OF X }&=273,643,254\\\text { SAMPLE SIZE OF X }&=25\\x&=46,297\\\\\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}

Find the pp -value for testing whether the mean land value differs from $46,297\$ 46,297 .


A) p=0.1918585p = 0.1918585
B) p=0.808142p = 0.808142
C) p=0.308142p = 0.308142
D) p=0.0959288p = 0.0959288

Correct Answer:

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