Decision to increase in selling time

Reference no: EM1392258

A statewide real estate company specializes in selling farm property in the state of Nebraska. Their records indicate that the mean selling time of farm property is 90 days. Because of recent drought conditions, they believe that the mean selling time is now greater than 90 days. A statewide survey of 100 farms sold recently revealed that the mean selling time was 94 days, with a standard deviation of 22 days. At the .10 significance level you will test to determine if there has been an increase in selling time. What is your decision?

(reject H0, do not reject ho, reject H1 or none of the above)

Reference no: EM1392258

Questions Cloud

Elaborate internal membranes systems : Provide a reason why it would be advantageous for eukaryotic cells to evolve elaborate internal membranes systems that allow them to import substances from the outside?

Prepare journal entries to record the machine''s disposal : Date General Journal Debit Credit Dec. 31 referencesebook & resources 4.value: 5.00 points 3. Prepare journal entries to record the machine's disposal under each of the following separate assumptions

Cable companies-normal distribution : Critically discuss the probability that more than 175 cable households rate cable companies as good or excellent in quality transmissions?

Calculate subsequent volume of water : Make one hundred microliters of an enzyme solution at 0.1 U/microliter. You are given water to dilute the concentrated stock enzyme. The stock enzyme comes at 10 U/microliter.

Decision to increase in selling time : At the .10 significance level you will test to determine if there has been an increase in selling time. What is your decision?

Challenges in leading a multi generational : Challenges in leading a multi generational and/or multi cultural workforces-Need a complente summary for the listed assignment

Clear heights of warehouses-normal distribution : Tompkins Associates reports that the mean clear height for a Class A warehouse in the Unites States is 22 feet. Suppose clear heights are normally distributed and that the standard deviation is 4 feet.

Explain amway dish drop in malaysia : Write about "Amway DISH DROPS Concentrated Dishwashing Liquid" in Malaysia for each of the given below: Introduction for the product.

Calculate the start and finish times for each activity : calculate the start and finish times for each activity and determine the minimum number of weeks for completing the project. Find the critical set of activities for the project.

User Account

All Pages