Testing a two tail hypothesis, Basic Statistics

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Testing a two tail hypothesis

An analyst is testing a two tail hypothesis to determine if the mean housing loan has changed from last year's value of $450,000. A sample of 100 housing loans gave a sample mean of $435,000 with a standard error of $5,000. What is the p-value of the test? Give your answer to four decimal places.

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Basic Statistics: Testing a two tail hypothesis

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Basic Statistics: Testing a two tail hypothesis

Reference No:- TGS0752872

Have a Question? (oR Write a Review)

Recent Questions Asked Basic Statistics

Q : Compute stiffness for actuator that has inside diameter

Q : Characteristic path of projectile motion

Q : Sample proportion is found

Q : Determine viscosity of oil film between piston and cylinder

Q : Testing a two tail hypothesis

Q : What distance will the puck have travelled before stopping

Q : Average power delivered to the resistor problem

Q : Proportion of households with saving

Q : Find percent decrease in force necessary to move piston

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Request for Solution File

Ask an Expert for Answer!!

Basic Statistics: Testing a two tail hypothesis

Reference No:- TGS0752872

Recent Questions Asked Basic Statistics

Q : Compute stiffness for actuator that has inside diameter

Q : Characteristic path of projectile motion

Q : Sample proportion is found

Q : Determine viscosity of oil film between piston and cylinder

Q : Testing a two tail hypothesis

Q : What distance will the puck have travelled before stopping

Q : Average power delivered to the resistor problem

Q : Proportion of households with saving

Q : Find percent decrease in force necessary to move piston

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