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Was the community studied by the? realtors? unusual

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Reference no: EM132852570

Recently, in one? large? community, realtors randomly sampled 50 bids from potential buyers to estimate the average gain in home value. The sample showed the average gain was? ?$8674 with a standard deviation of? ?$1296 . ?In? 2019, the average home in this region of the country gained? ?$8342 in value. Was the community studied by the? realtors? unusual? A test for the population mean would be appropriate? here, if the assumptions and conditions are satisfied. Explain whether or not each of the assumptions?(independence, normal? population, sample? size) are satisfied.

Reference no: EM132852570

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