The Eagle Ridge Contractors Association claims the average price of a home in their subdivision is $


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?

What is the p-value for a one-sided test of the data provided above?

Price: $2.99
Solution: The answer consists of 1 page
Deliverables: Word Document

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