If a real estate market is strong there will be a close relationship between the asking price for homes and the selling price.Suppose that one analyst believes that the mean difference between asking price and selling price for homes in a particular market area is less than $2,000.To test this using an alpha level equal to 0.05,a random sample of n = 15 homes that have sold recently was selected.The sample differences between asking price and selling price are in the following table:
Based on these sample data,what is the critical value expressed in dollars?

Question

If a real estate market is strong there will be a close relationship between the asking price for homes and the selling price.Suppose that one analyst believes that the mean difference between asking price and selling price for homes in a particular market area is less than $2,000.To test this using an alpha level equal to 0.05,a random sample of n = 15 homes that have sold recently was selected.The sample differences between asking price and selling price are in the following table:
  Based on these sample data,what is the critical value expressed in dollars?

Quizplus · Accepted Answer

The Answer of If a real estate market is strong there will be a close relationship between the asking price for homes and the selling price.Suppose that one analyst believes that the mean difference between asking price and selling price for homes in a particular market area is less than $2,000.To test this using an alpha level equal to 0.05,a random sample of n = 15 homes that have sold recently was selected.The sample differences between asking price and selling price are in the following table:
  Based on these sample data,what is the critical value expressed in dollars?

If a Real Estate Market Is Strong There Will Be