Suppose the null hypothesis is rejectedrejected. State the conclusion based on the results of the test.Three...
Suppose the null hypothesis is
rejectedrejected.
State the conclusion based on the results of the test.Three years ago, the mean price of a single-family home was
$243 comma 704243,704.
A real estate broker believes that the mean price has
increasedincreased
since then.
Which of the following is the correct conclusion?
A.There
is notis not
sufficient evidence to conclude that the mean price of a single-family home has
increasedincreased.
B.There
isis
sufficient evidence to conclude that the mean price of a single-family home has
increasedincreased.
C.There
is notis not
sufficient evidence to conclude that the mean price of a single-family home has not changed.
D.There
isis
sufficient evidence to conclude that the mean price of a single-family home has not changed.
Homework Answers
Since we are rejecting the null hypothesis, there is sufficient evidence to conclude that the mean price of a single-family home has increased.
Option B is correct.
Add Answer to:
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