Data Were Collected from the Sale of 25 Properties by a Local

Multiple Choice

Data were collected from the sale of 25 properties by a local real estate agent. The following printout concentrated on the land value variable from the sampled properties. HYPOTHESIS: MEAN X = x X = land_value SAMPLE MEAN OF X = 50,098 SAMPLE VARIANCE OF X = 273,643,254 SAMPLE SIZE OF X = 25 x = 45,655 MEAN X - x = 4443 t = 1.34293 D.F. = 24 P-VALUE = 0.1918585 P-VALUE/2 = 0.0959288 SD. ERROR = 3308.43 Find the p-value for testing whether the mean land value differs from $45,655.

A) p = 0.1918585
B) p = 0.0959288
C) p = 0.808142
D) p = 0.308142