(Step-by-Step) The average sale price of houses in the previous five years was $160,000. Conduct a hypothesis test to see if prices are now significantly
Question: (7 pts) The average sale price of houses in the previous five years was $160,000. Conduct a hypothesis test to see if prices are now significantly higher than $160,000 at α=5%. Report the p-value and your conclusion.
Deliverable: Word Document 
![[Solution Library] A broker claims that the](/images/solutions/MC-solution-library-68260.jpg "[Solution Library] A broker claims that the average sale price of")
[Solution Library] A broker claims that the average sale price of
![[See Steps] Create a 90% confidence interval](/images/solutions/MC-solution-library-68261.jpg "[See Steps] Create a 90% confidence interval for Lot Area for each of")
[See Steps] Create a 90% confidence interval for Lot Area for each of
![[See Solution] Is there a statistically significant](/images/solutions/MC-solution-library-68262.jpg "[See Solution] Is there a statistically significant relationship between")
[See Solution] Is there a statistically significant relationship between
![[See Steps] Test the hypothesis at α=5%](/images/solutions/MC-solution-library-68263.jpg "[See Steps] Test the hypothesis at α=5% that Low Quality houses")
[See Steps] Test the hypothesis at α=5% that Low Quality houses
![[Step-by-Step] You suspect that part of the](/images/solutions/MC-solution-library-68264.jpg "[Step-by-Step] You suspect that part of the reason for low prices")
[Step-by-Step] You suspect that part of the reason for low prices
Logarithmic Function Calculator - MathCracker.com