What conclusion will be reached


According to Remodeling magazine, the average cost to convert an existing room into a home office with custom cabinetry and rewiring for electronic equipment is $5976. Assuming a population standard deviation of $1000 and the sample of home office conversion prices charged for 40 recent jobs performed by builders in aregion of the United States, examine whether the mean price for home office conversions for builders in this region might be different from the average for the nation as a whole. The underlying data are in file XR10033.Identify and interpret the p-value for the test. Using the 0.025 level of significance, what conclusion will be reached?

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Basic Statistics: What conclusion will be reached
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