5. A company that manufactures steel wiresguarantees that the mean breaking strength (inkilonewtons) of the wires is greater than 50. Theymeasure the strengths for a sample of wires andtest H0: µ = 50 versus H1: µ > 50a. If a Type I error is made, what conclusion will bedrawn regarding the mean breaking strength?b. If a Type II error is made, what conclusion will bedrawn regarding the mean breaking strength?6. Data from the National Association of Realtorsindicates that the mean price of a home inDenver, from April through June of 2012 was260.7 thousand dollars. A random sample of 50homes sold in 2013 had a mean price of 290.5thousand dollars.a. Assume the population standard deviation isσ=$150,000. Can you conclude that the meanprice in 2013 differs from the mean price in Aprilthrough June of 2012? Use a 5% significancelevel.b. Following is a boxplot of the data. Explain why itis unreasonable to assume that the population isapproximately normally distributed.c. Explain why the assumptions for the hypothesistest are satisfied even though the population is notnormal.
I need to know how to do this on a Ti84
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