HOUSING MARKET
This is the first of 8 questions in this set.
NOTE: This question set follows up on a question set in Quiz #14.
In a certain city, the number of days a house is on the market before it is sold is approximately normally distributed. In a random sample of 21 houses, the mean number of days before the sale was 94, and the standard deviation was 27 days. A realty company wants to test the null hypothesis that the population mean is 100 days, against the alternative hypothesis that it is not, using a 10% significance level.
What is the value of cv1, the lower critical value? Two decimals
Flag question: Question 38
Question 383 pts
What is the value of cv2, the upper critical value? Two decimals
Flag question: Question 39
Question 391 pts
What is the conclusion of the test?
Group of answer choices
Fail to reject H0 (accept H0)
Reject H0 in favor of HA
Flag question: Question 40
Question 402 pts
The realty company also wants to use this sample to test the null hypothesis that the stan