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Question
A local real estate agent claims that the median selling price of homes in a major midwestern city is more than $200,000. Suppose a random sample of 100 homes sold in the last six months is taken and 53 sold for over $200,000. Using 
= .01, test the real estate agent's claim. What do you conclude about the selling prices of the homes?
A. Reject the null hypothesis.
B. Do not reject the null hypothesis.
Answer
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