View the step-by-step solution to:

Question

This question was created from QNT 351 Week 5 Individual Assignment Real Estate Data https://www.coursehero.com/file/11690002/QNT-351-Week-5-Individual-Assignment-Real-Estate-Data/

isn't 5.10987 > 2.32634? also, how do you calculate p value with a z statistic of 5.10987?

c1 = 001 Critical 2- score = 2.32634?8?4 Reject Ho if z 3* 2.32634?874 Test Statistic: SE = oNn = 248.66Nl05 = 242683121 2 = (x—bar - p.)/'SE = [2224 - 2100]!24.2667312139382 = 5109876518
[3- value = 1.61135E-07 Decision (in terms of the hypotheses}:
Since 5.1098?6518 s 2.32634?8?4 we fail to reject Ho Conclusion {in terms of the problem}: Yes, we can conclude that the mean size of homes is more than 2100 sq ft

Yes 5.10987 &gt; 2.32634 That is why we reject H0 (Decision part is wrong in your... View the full answer

### Why Join Course Hero?

Course Hero has all the homework and study help you need to succeed! We’ve got course-specific notes, study guides, and practice tests along with expert tutors.

• ### -

Study Documents

Find the best study resources around, tagged to your specific courses. Share your own to gain free Course Hero access.

Browse Documents