The Eagle Ridge Contractors' Association claims the average price of a home in their subdivision is
$125,150, with a standard deviation of $7,350. A sample of 36 homes for sale in this subdivision had an
average selling price of $123,550. Is there evidence that the costs of homes for sale in this subdivision are
actually lower than claimed?
-What is the p-value for a one-sided test of the data provided above?
A) 0.0853
B) 0.0951
C) 0.1327
D) 0.0036

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The Answer of The Eagle Ridge Contractors' Association claims the average price of a home in their subdivision is
$125,150, with a standard deviation of $7,350. A sample of 36 homes for sale in this subdivision had an
average selling price of $123,550. Is there evidence that the costs of homes for sale in this subdivision are
actually lower than claimed?
-What is the p-value for a one-sided test of the data provided above?
A) 0.0853
B) 0.0951
C) 0.1327
D) 0.0036

The Eagle Ridge Contractors' Association Claims the Average Price of a Home