Solve the problem.Data were collected from the sale of 25 pr…

Solve the problem.Data were collected from the sale of 25 properties by a local real estate agent. The following printout concentrated on the land value variable from the sampled properties. HYPOTHESIS: MEAN X = x What is the correct conclusion when testing a greater-than alternative hypothesis at α = .05?

Solve the problem.A consumer product magazine recently ran a…

Solve the problem.A consumer product magazine recently ran a story concerning the increasing prices of digital cameras. The story stated that digital camera prices dipped a couple of years ago, but now are beginning to increase in price because of added features. According to the story, the average price of all digital cameras a couple of years ago was $215.00. A random sample of cameras was recently taken and entered into a spreadsheet. It was desired to test to determine if that average price of all digital cameras is now more than $215.00. The information was entered into a spreadsheet and the following printout was obtained:One-Sample T TestNull Hypothesis: μ = 215Alternative Hyp: μ > 215​95% Conf IntervalVariable Mean SE Lower Upper T DF PCamera Price 245.23 15.620 212.740 277.720 1.94 21 0.0333Is a sample size n = 22 large enough to utilize the central limit theorem in this inferential procedure?

Solve the problem.A bottling company produces bottles that h…

Solve the problem.A bottling company produces bottles that hold 10 ounces of liquid. Periodically, the company gets complaints that their bottles are not holding enough liquid. To test this claim, the bottling company randomly samples 24 bottles and finds the average amount of liquid held by the bottles is 9.8 ounces with a standard deviation of .3 ounce. Calculate the appropriate test statistic.

Solve the problem.A small private college is interested in d…

Solve the problem.A small private college is interested in determining the percentage of its students who live off campus and drive to class. Specifically, it was desired to determine if less than 20% of their current students live off campus and drive to class. Suppose a sample of 108 students produced a test statistic of z = -1.35. Find the p-value for the test of interest to the college.

Solve the problem.In the Smoky Mountains of Tennessee, the p…

Solve the problem.In the Smoky Mountains of Tennessee, the percent of moisture that falls as snow rather than rain is approximated by where P is the percent of snow moisture at an altitude h feet. What altitude corresponds to 7 percent snow moisture? Round to the nearest hundred feet.