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A Local Real Estate Agent Claims That the Median Selling

Question 13

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A local real estate agent claims that the median selling price of homes in a major midwestern city is more than $200,000. Suppose a random sample of 100 homes sold in the last six months is taken and 53 sold for over $200,000. Using α = .01, test the real estate agent's claim. What do you conclude about the selling prices of the homes?


A) Reject the null hypothesis.
B) Do not reject the null hypothesis.

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