The eagle ridge contractors association claims the average

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The eagle ridge contractors association claims the average price of a home in thier subdivision is $125,150 with a standard deviation of $7,350. A sample of 36 homes for sales in this subdivision had an average selling price of $123,550. The Eagle Ridge Home Owners Association is interested in knowing if the costs of homes for sale in this subdivision are actually lower than claimed? Compute the Test Value?

Reference no: EM13622491

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