Solved: Set up null and alternate hypothesis test statistic, Basic Statistics

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Set up null and alternate hypothesis test statistic

Hypothesis is that average price of two bedroom home is $150000. You sample 10 homes and find average price of $145000 with a standard deviation of $7500. Set up null and alternate hypothesis , test statistic, critical statistic, and result of the test. A) significance level at 10%, 5% and 1%

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Basic Statistics: Set up null and alternate hypothesis test statistic

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Basic Statistics: Set up null and alternate hypothesis test statistic

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