subject
Mathematics, 08.07.2021 23:10 huangjianhe135

A statewide real estate sales agency, Farm Associates, specializes in selling farm property in the state of Nebraska. Its records indicate that the mean selling time of farm property is 90 days. Because of recent drought conditions, the agency believes that the mean selling time is now greater than 90 days. A statewide survey of 100 recently sold farms revealed a mean selling time of 94 days, with a standard deviation of 22 days. At the 0.10 significance level, has there been an increase in selling time?
a. What is the decision rule? (Round your answer to 3 decimal places.)
b. Compute the value of the test statistic. (Round your answer to 2 decimal places.)
c. What is your decision regarding H0?

ansver
Answers: 2

Other questions on the subject: Mathematics

image
Mathematics, 21.06.2019 15:00, kallie862
15 points ! ~ see if you know the answer to both you!
Answers: 1
image
Mathematics, 21.06.2019 17:40, ellemarshall13
Find the value of x that will make l ll m
Answers: 2
image
Mathematics, 21.06.2019 20:30, natalieburnett82
Find the quotient with the restriction.
Answers: 1
image
Mathematics, 21.06.2019 20:30, tony001
Find the zeros of each function. f(x) = x^2 + 5x - 6
Answers: 2
You know the right answer?
A statewide real estate sales agency, Farm Associates, specializes in selling farm property in the s...

Questions in other subjects:

Konu
Mathematics, 29.01.2021 20:10
Konu
Mathematics, 29.01.2021 20:10
Konu
Mathematics, 29.01.2021 20:10
Konu
Mathematics, 29.01.2021 20:10