The Eagle Ridge Contractors Association claims the average p

The Eagle Ridge Contractors Association claims the average price of a home in their subdivision is $125,150. Suppose the standard deviation of home prices is known to be $8,100. A sample of 36 homes for sale in this subdivision had an average selling price of $126,550. The Eagle Ridge Home Owners Association is interested in knowing if the costs of homes for sale in this subdivision are actually different than claimed. What is the p-value for this test? Round to 2 decimal places.

Solution