Determine p-value-proportion of homes that have a pool

Reference no: EM13156872

a. A recent article in the Denver Post indicated that the mean selling price of the homes in the area is more than $220,000. Can we conclude that the mean selling price in the Denver area is more than $220,000? Use the .01 significance level. What is the p-value?

b. The same article reported the mean size was more than 2,100 square feet. Can we conclude that the mean size of homes sold in the Denver area is more than 2,100 square feet? Use the .01 significance level. What is the p-value?

c. Determine the proportion of homes that have an attached garage. At the .05 significance level can we conclude that more than 60 percent of the homes sold in the Denver area had an attached garage? What is the p-value?

d. Determine the proportion of homes that have a pool. At the .05 significance level, can we conclude that less than 40 percent of the homes sold in the Denver area had a pool? What is the p-value?

Reference no: EM13156872

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