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7) A real estate agent claims that the mean living area of all single-family homes in his county is at most 2400 square feet.
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Answer #1

Ans:

Ho : μ < 2400(claim)

Ha : μ > 2400

Test statistic:

z=(2540-2400)/(472/sqrt(50))

z=2.10

P(z>2.10)=0.0180

As,p-value<0.05,we reject the null hypothesis.

There is sufficient evidence to reject the real estate agent's claim.

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