You may need to use the appropriate appendix table or technology to…

Question Answered step-by-step You may need to use the appropriate appendix table or technology to… You may need to use the appropriate appendix table or technology to answer this question.The median price of homes in in a certain city was $219,640. A sample of 200 homes sold in a suburb of the city found 114 homes with sales prices over $219,640 and 86 homes with sales prices under $219,640. Can you conclude that the median price of homes in the suburb differs from the median price of homes in the entire city? Use? = 0.05.State the null and alternative hypotheses.H0: Median > 219,640Ha: Median = 219,640H0: Median ? 219,640Ha: Median = 219,640     H0: Median = 219,640Ha: Median > 219,640H0: Median = 219,640Ha: Median ? 219,640H0: Median = 219,640Ha: Median < 219,640Find the value of the test statistic. (Round your answer to two decimal places.)z = Find the p-value. (Round your answer to four decimal places.)p-value = State your conclusion.Reject H0. There is not sufficient evidence to conclude that the median price of homes in the suburb differs significantly from $219,640.Reject H0. There is sufficient evidence to conclude that the median price of homes in the suburb differs significantly from $219,640.     Do not reject H0. There is sufficient evidence to conclude that the median price of homes in the suburb differs significantly from $219,640.Do not reject H0. There is not sufficient evidence to conclude that the median price of homes in the suburb differs significantly from $219,640.             Math Statistics and Probability STAT 3500 Share QuestionEmailCopy link Comments (0)

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