Answer:
Option C) There are enough evidence that at significance level of 0.05 to support the claim that the the population mean market value of houses in the neighborhood where she works is greater than $250,000.
Step-by-step explanation:
We are given the following in the question:
Population mean, μ = $250,000
Sample mean, = $259,860
Sample size, n = 35
Alpha, α = 0.05
Sample standard deviation, σ = $24.922
First, we design the null and the alternate hypothesis
We use One-tailed t test to perform this hypothesis.
Formula:
Since the p-value is less than the significance level, we fail to accept the null hypothesis.
There are enough evidence that at significance level of 0.05 to support the claim that the the population mean market value of houses in the neighborhood where she works is greater than $250,000.
