Question 14 (0.75 points) Suppose that the mean price of a home in Denver, Colorado in…

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Question 14 (0.75 points) Suppose that the mean price of a home in Denver, Colorado in…

Question 14 (0.75 points) Suppose that the mean price of a home in Denver, Colorado in 2008 was 225.3 thousand dollars. A random sample of 49 homes sold in 2010 had a mean price of 201.7 thousand dollars. A real estate firm wants to test to see if the mean price in 2010 differs from the from mean price in 2008. Assume that the population standard deviation is 140. Perform the hypothesis test and compute the P-value. Write down your P-value. You will need it for the next question. Round your answer to four decimal places (for example: 0.2305). Write only a number as your answer.
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Reference no: EM132069492

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