Question #2006284: Testing Statistical Hypothesis

Question: Nationwide, the standard deviation for housing prices advertised on the website is $187,452.

a) Compare your state’s sample standard deviation to that amount and make a claim that your state’s prices are less variable, more variable, or the variability is not appreciably different.

b) Write a statement of hypotheses for your response to part a.
c) State the critical value(s) using a 0.05 level of significance.
d) Compute the test statistic.
e) Make a decision and state your conclusion in the context of the prices.

Solution: The solution consists of 202 words (2 pages)
Deliverables: Word Document

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