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Suppose your hypothesis is that the average price of a two bedroom home in Little Rock...

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Basic Math

Suppose your hypothesis is that the average price of a twobedroom home in Little Rock is $150,000. You sample 10 homes andfind an average price of $145000 with a standard deviation of7,500. Set up the null hypothesis, and the alternate hypothesis(you can write this out in words). Show the test statistic, thecritical statistic, and the results of your hypothesis test. (A)Test the hypothesis at the 10% significance level (B) Test thehypothesis at 5% significance level (C) Test the hypothesis at 1%significance level.

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