Purchase Solution

Hypothesis testing

Not what you're looking for?

Ask Custom Question

Before I moved to California, I sold my home in Nevada. My realtor told me that the average price of a 2500 square foot home in Nevada was $250,000. I really didn't trust him, so I took a sample of 100 people with 2500 square foot homes in Nevada and found that the average price of a 2500 square foot home was $260,000 with a standard deviation of $5,000. Conduct a hypothesis test to determine if the average price of a 2500 square foot home in Nevada is really $250,000 or not . Assume that α = .05 and remember to clearly state the null and alternate hypothesis as well as your conclusion about the average price of a 2500 square foot home in Nevada.

Purchase this Solution
Purchase this Solution
Free BrainMass Quizzes
Measures of Central Tendency

Tests knowledge of the three main measures of central tendency, including some simple calculation questions.

Measures of Central Tendency

This quiz evaluates the students understanding of the measures of central tendency seen in statistics. This quiz is specifically designed to incorporate the measures of central tendency as they relate to psychological research.

Know Your Statistical Concepts

Each question is a choice-summary multiple choice question that presents you with a statistical concept and then 4 numbered statements. You must decide which (if any) of the numbered statements is/are true as they relate to the statistical concept.

Terms and Definitions for Statistics

This quiz covers basic terms and definitions of statistics.

View More Free Quizzes
Related BrainMass Solutions

  • Hypothesis Testing

    446243 Hypothesis Testing 1. What is the five step process for hypothesis testing? Why or why not? What is the null hypothesis? Why is it important? What are its implications? Explain. You may use examples to show your understanding. 2.

  • Comparison of Hypothesis Testing and the Legal System

    Hi there, To understand how hypothesis testing is like the legal system, lets first discuss a few key points about hypothesis testing. Hypothesis testing always involves two hypotheses.

  • Business Research and Hypothesis Testing

    90544 Business Research and Hypothesis Testing 1. What value is business research and hypothesis testing to a company? Start by defining business research and the steps in hypothesis testing.

  • Hypothesis testing

    89331 Hypothesis testing, Level of significance in hypothesis testing In hypothesis testing, how are verbal problem statements converted to numerical problem statements?

  • 5 Steps of Hypothesis Testing

    265308 5 Steps of Hypothesis Testing List the five steps of hypothesis testing and explain the procedure and logic of each. I have taken an example hypothesis testing problem to illustrate the five steps of hypothesis testing.

  • General Process of Hypothesis Testing for Stats Students

    501749 General Process of Hypothesis Testing in Statistics What is hypothesis testing? Explain the general process and the steps included in conducting a hypothesis test?

  • Steps in Hypothesis Testing

    459558 Hypothesis Testing: What is the general process that one should follow in conducting a hypothesis test? Explain the notion of hypothesis testing. What is the general process that one should follow in conducting a hypothesis test?

  • Hypothesis vs. Theory

    2) Why is it important to test a hypothesis? Give the rationale. Can we conduct research without hypothesis testing? Can you think of an example in an organization where research was conducted using hypothesis testing?

  • Hypothesis testing: Double negative logic, five step process

    (2) What is the five-step process for hypothesis testing? Is the order important? Why or why not? (1) Explain the double-negative logic of hypothesis testing (e.g.: a scientist fails to reject the null hypothesis).

  • Describe the five-step hypothesis-testing procedure

    321113 Statistics: Describe the five-step hypothesis-testing procedure Explain what you know about hypothesis and hypothesis testing. Describe the five-step hypothesis-testing procedure? Discuss the concepts of Type I and Type II Errors?

View More Related Solutions