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(Question: statewide realestate sales agency, Farm Associates speck... tiation
A statewide real estate sales agency, Farm Associates
specializes in seling farm propery in the state of nebraska. Is,
records indicate that the mean selling time of farm property in, ESTE
90 days, Because of recent drought conditions, the agency
believes that the mean selling time is now greater than 90
days. A statewide survey of 100 farms sold recently revealed
thant the mean selling time was 94 days, with standard
deviation of 22 days. Ath the 0.10 significance level, has there svtnind Si
been an increase in sling price? FARMLAND
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Given n=100, xbar=34,
The test hypothesis is,
eral
000 mas
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Gen aed the cca ve 2036128 eck FARMLAND
: setae iy
‘ FARMLAND
ee ce FARMAN
A recent article in The Wall Street Journal reported that
the home equity loan rate s now less than 6%. A sample
of eight small banks in the Midwest revealed the
following home equity rates (in percentl
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