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 = land_value SAMPLE MEAN OF X = 51,315 SAMPLE VARIANCE OF X = 273,643,254 SAMPLE SIZE OF X = 25 x = 46,872 MEAN X - x = 4443 t = 1.34293 D.F. = 24 P-VALUE = 0.1918585 P-VALUE/2 = 0.0959288 SD. ERROR = 3308.43 What is the correct conclusion when testing a greater-than alternative hypothesis at α = .01?
A) Fail to reject H0.
B) Accept H0.
C) Reject H0.
D) Fail to reject Ha.

Question

Quizplus · Accepted Answer

The p-value (0.1918585) is greater than the significance level (0.01), so we fail to reject the null hypothesis.

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