[See Steps] The Eagle Ridge Contractors Association claims the average price of a home in their subdivision is $125,150, with a standard deviation of $7,350.
Question: The Eagle Ridge Contractors Association claims the average price of a home in their subdivision is $125,150, with a standard deviation of $7,350. A sample of 36 homes for sale in this subdivision had an average selling price of $123,550. Is there evidence that the costs of homes for sale in this subdivision are actually lower than claimed?
- At \(\alpha =0.05\), what is the critical value?
- What is the test value for the problem?
- What is the p-value for a one-sided test of the data provided above?
- What is your conclusion?
Deliverable: Word Document 
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