Cost of Building a Home 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 $121.83 and the population standard deviation was $21. Can it be concluded that the mean cost differs from $117.91, using the 0.01 level of significance?

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.4: Distributions Of Data
Problem 19PFA
icon
Related questions
Question
Cost of Building a Home 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 $121.83 and the population standard deviation was $21. Can it be concluded
that the mean cost differs from $117.91, using the 0.01 level of significance?
Transcribed Image Text:Cost of Building a Home 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 $121.83 and the population standard deviation was $21. Can it be concluded that the mean cost differs from $117.91, using the 0.01 level of significance?
State the hypotheses and identify the claim with the correct hypothesis.
Hou (Choose one) $
H₁:μ (Choose one) $
(Choose one)
(Choose one)
This hypothesis test is a (Choose one) ▼ test.
Transcribed Image Text:State the hypotheses and identify the claim with the correct hypothesis. Hou (Choose one) $ H₁:μ (Choose one) $ (Choose one) (Choose one) This hypothesis test is a (Choose one) ▼ test.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps with 1 images

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