2. According to the National Association of Home Builders, the average cost of building a home in the Northeast is $ 117.91 per square foot. A random sample of 36 new homes indicated that the mean cost was $122.57 and the standard deviation was $20. Can it be concluded that the mean cost differs from S117.91, using 0.10 level of significance? i. Ho: Ha: ii. Do a -test at a i.Decision Rule: Reject Ho if iv.Computations

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section: Chapter Questions
Problem 22SGR
icon
Related questions
Question
2. According to the National Association of Home Builders, the average cost of building a
home in the Northeast is $ 117.91 per square foot. A random sample of 36 new homes
indicated that the mean cost was $122.57 and the standard deviation was $20. Can it be
concluded that the mean cost differs from SI17.91, using 0.10 level of significance?
i. Ho:
Ha:
ii. Do a
-test at a=
iii.Decision Rule: Reject Ho if
iv.Computations
Transcribed Image Text:2. According to the National Association of Home Builders, the average cost of building a home in the Northeast is $ 117.91 per square foot. A random sample of 36 new homes indicated that the mean cost was $122.57 and the standard deviation was $20. Can it be concluded that the mean cost differs from SI17.91, using 0.10 level of significance? i. Ho: Ha: ii. Do a -test at a= iii.Decision Rule: Reject Ho if iv.Computations
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill