A real estate investor is investigating whether the

Assignment Help Basic Statistics

Reference no: EM13644461

A real estate investor is investigating whether the proportion of properties sold at auctions has declined from last year, when the proportion was 40%. Let p be the proportion of properties sold at auctions this year. Which of the following gives the correct hypothesis to test?

Select one:

a. H0: p< 0.4 H₁: p = 0.4

b. H0: p< 0.4 H₁: p ? 0.4

c. H0: p= 0.4 H₁: p > 0.4

d. H0: p= 0.4 H₁: p < 0.4

For the previous question, a sample of 400 property auctions found that 150 had sold. What is the value of the test statistic to test the hypotheses? Give your answer to 2 decimal places.

Reference no: EM13644461

Questions Cloud

A worker is dragging a box m 63 up a ramp using a ropenthe : a worker is dragging a box m 63 up a ramp using a ropen.the ramp makes an angle of 35 above the horizantal the rope is

Data to test the difference between two weighing methods : data to test the difference between two weighing methods for wheat deliveries gave a mean difference of 10 kg with a

At one point in the duct the pressure and temperature are : assume that the flow of air through a given duct is isentropic. at one point in the duct the pressure and temperature

A skier slides horizontally along the snow for a distance : a skier slides horizontally along the snow for a distance of 25 m before coming to rest. the coefficient of kinetic

A real estate investor is investigating whether the : a real estate investor is investigating whether the proportion of properties sold at auctions has declined from last

In the reservoir of a supersonic wind tunnel the pressure : in the reservoir of a supersonic wind tunnel the pressure and temperature of air are 10 atm and 320 k respectively.

In being launched from rest it moves through a distance of : a fighter jet is launched from an aircraft carrier with the aid of its own engines and a steam-powered catapult. the

A banking consultant is investigating if the proportion of : a banking consultant is investigating if the proportion of households with saving above 20000 has increased from last

The brakesand coasts down the grade with an acceleration in : the driver of a car which is initially at rest at the top a of the grade releases the brakesand coasts down the grade

User Account

All Pages