Eagle ridge contractors association claims


The eagle ridge contractors association claims the average price of a home in thier subdivision is $125,150 with a standard deviation of $7,350. A sample of 36 homes for sales in this subdivision had an average selling price of $123,550. The Eagle Ridge Home Owners Association is interested in knowing if the costs of homes for sale in this subdivision are actually lower than claimed? Compute the Test Value?

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Basic Statistics: Eagle ridge contractors association claims
Reference No:- TGS0730002

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