A real estate agent believes that the average closing cost of purchasing a new home is $6500 over the purchase price. She selects 40 new home sales at random and finds that the closing costs are...

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A real estate agent believes that the average closing cost of purchasing a new home is $6500 over the purchase price. She selects 40 new home sales at random and finds that the closing costs are $6600. The standard deviation of the population is $120. Test her belief at alpha=0.05

Answered Same DayDec 20, 2021

Answer To: A real estate agent believes that the average closing cost of purchasing a new home is $6500 over...

Robert answered on Dec 20 2021
123 Votes
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