Answered: According to the National Association…

Name: According to the National Association of Home Builders, the average co
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Description: 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 38 new homes indicated that the mean cost was $123.87 and the standard deviation was $17. Can

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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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 38 new homes indicated that the mean cost was $123.87 and the standard deviation was $17. Can it be concluded that the mean cost differs from $117.91, using the 0.10 level of significance?

A.) State the hypotheses and identify the claim with the correct hypothesis.

H₀:

H₁:

B.) Find the critical value(s).

C.) Compute the test value.

D.) Make the decision.

________ the null hypothesis.

E.) Summarize the results.

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