Home Prices in Pennsylvania Areal estate agent claims that

Chapter 8, Problem 10

(choose chapter or problem)

For Exercises 1 through 13, perform each of the following steps.

a. State the hypotheses and identify the claim.

b. Find the critical value(s).

c. Compute the test value.

d. Make the decision.

e. Summarize the results.

Home Prices in Pennsylvania A real estate agent claims that the average price of a home sold in Beaver County, Pennsylvania, is $60,000. A random sample of 36 homes sold in the county is selected, and the prices in dollars are shown. Is there enough evidence to reject the agent’s claim at \(\alpha = 0.05\)? Assume \(\sigma = $76,025\).