The Eagle Ridge Contractors Association states the average price of a home in their subdivision is $125,150 with a standard deviation of $7,350

The Eagle Ridge Contractors Association states the average price of a home in their subdivision is $125,150 with a standard deviation of $7,350. Mr. Bonner believes that the cost is actually lower. A sample of 28 homes for sale in this subdivision had an average selling price of $123,550. Is there evidence at that the costs of homes for sale are really lower than what Eagle Ridge states? 1. State the Hypothesis:_______________________
2. Find the critical value(s):___________________
3. Calculate the test score.:____________________
4. Make a decision and summarize the results.
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