The average price of homes sold in the Utah in 2024 was $510…
The average price of homes sold in the Utah in 2024 was $510,173. A sample of 55 homes sold in Ogden in 2024 showed an average price of $560,994. It is known that the standard deviation of the population (σ) is $145,000. We are interested in determining whether or not the average price of homes sold in Ogden is significantly more than the state average. Choose the correct hypotheses to be tested.
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