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Investor believes that the mean price of...

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题目

Investor believes that the mean price of houses in the area is greater than $135,000. A random sample of 25 houses in the area has a mean price of $139,750. The population standard deviation is $24,000, and he wants to conduct a hypothesis test at a 1% level of significance. The value of the calculated test statistic is closest to:

选项

A.0.67.

B.0.99.

C.2.00.

答案

B

解析

The test statistic can be calculated without knowing population distirbution: Test statistic=(139750-135000)/(24000/5)=0.99.