Develop hypothesis testing to test the validity

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Please use Megastat or excel Exercise 1 The Chamber of Commerce of a community of Florida announced that the cost middle of a residential lot does not exceed $ 95,000 per lot. Suppose that in a sample of 25 lots is that the sample mean is $ 96.500 per lot and that the sample standard deviation is $ 3.200. a) Develop hypothesis testing to test the validity of that said the Chamber of Commerce. b) Calculate the value of the test statistic. c) What is the value-p about? d) With α = 0.1, it is not rejected or the null hypothesis? Use the method of value Critical and the p-value method to support your answer. Right-tailed test with unknown population standard deviation

Reference no: EM131151689

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Develop hypothesis testing to test the validity : The Chamber of Commerce of a community of Florida announced that the cost middle of a residential lot does not exceed $ 95,000 per lot. Suppose that in a sample of 25 lots is that the sample mean is $ 96.500 per lot and that the sample standard devia..

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