Question The Following Data Was Calculated During A The Study On Mortgage Down Payments Now Interpret The Results For T 1 (40.91 KiB) Viewed 15 times
Question The Following Data Was Calculated During A The Study On Mortgage Down Payments Now Interpret The Results For T 2 (30.27 KiB) Viewed 15 times
Question The following data was calculated during a the study on mortgage down payments. Now interpret the results for this hypothesis test Sample size = 42 single family home purchases Sample mean=9,500 dollars • From past data, it is known that the population standard deviation is 2,500 dollars. The test statistic is calculated as 21.30 The significance level is a =0.01. The p-value is 0.0968. Use the graph below to select the type of oftest (left, right or two-tailed) along with and the p-value in order to choose a conclusion about the hypothesis test Move the blue dot to choose the appropriate test Significance level = 0 025 GE... 05
desinos Select the correct answer below. o Fall to reject H, There is NOT strong evidence to conclude that the average amount of money for a down payment on a single famuiy home in the small town is less than 10,000 dollars. o Fall to reject Ho There is strong evidence to conclude that the average amount of money for a down payment on a single family home in the small town is less than 10,000 dollars Reject H. There is NOT suong evidence to conclude that the average amount of money for a down payment on a single family home in the small town is less than 10,000 dollar Reject Ho There is strong evidence to conclude that the average amount of money for a down payment on a single family home in the small town is less than 10.000 dollars ORARE MOINSTRUCTION
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