Question: Nationwide, the standard deviation for housing prices advertised on the website forsalebyowner.com is $187,452.

a) Compare your state's sample standard deviation to that amount and make a claim that your state's prices are less variable, more variable, or the variability is not appreciably different.

b) Write a statement of hypotheses for your response to part a.
c) State the critical value(s) using a 0.05 level of significance.
d) Compute the test statistic.
e) Make a decision and state your conclusion in the context of the prices.

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Solution: The downloadable solution consists of 2 pages
Deliverable: Word Document