A real estate agent is working for a developer who claims that the average commute...

90.2K

Verified Solution

Question

Algebra

image

A real estate agent is working for a developer who claims that the average commute time to downtown is 20 minutes with a standard deviation of 7 minutes. Stephon is an independent real estate agent and wants to check the times for his client. He took a random sample of 15 commute times and found an average of 26 minutes. He did hypothesis testingusing a significance level of 5%. Which conclusion could he make?The z-statistic is 0.22, so the null hypothesis should not be rejected.The z-statistic is 1.69, so the null hypothesis should not be rejected.The z-statistic is 3.32, so the null hypothesis should be rejected.The z-statistic is 3.67, so the null hypothesis should be rejected.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students