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State the conclusion based on the results of the test. According to the Federal Housing Finance Board, the mean price of a single-family home two years ago was $299,600. A real estate broker believes that because of the recent credit crunch, hypothesis is not rejected. Choose the correct answer below. O A. There is not sufficient evidence to conclude that the mean price of a single-family home has decreased from its level two years ago of $299,600. O B. There is not sufficient evidence to conclude that the mean price of a single-family home has increased from its level two years ago of $299,600. OC. There is sufficient evidence to conclude that the mean price of a single-family home has decreased from its level two years ago of $299,600. OD. There is sufficient evidence to conclude that the mean price of a single-family home has increased from its level two years ago of $299,600.

State the conclusion based on the results of the test. According to the Federal Housing Finance Board, the mean price of a single-family home two years ago was $299,600. A real estate broker believes that because of the recent credit crunch, hypothesis is not rejected. Choose the correct answer below. O A. There is not sufficient evidence to conclude that the mean price of a single-family home has decreased from its level two years ago of $299,600. O B. There is not sufficient evidence to conclude that the mean price of a single-family home has increased from its level two years ago of $299,600. OC. There is sufficient evidence to conclude that the mean price of a single-family home has decreased from its level two years ago of $299,600. OD. There is sufficient evidence to conclude that the mean price of a single-family home has increased from its level two years ago of $299,600.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.6: Summarizing Categorical Data
Problem 30PPS
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State the conclusion based on the results of the test. According to the Federal Housing Finance Board, the mean price of a single-family home two years ago was $299,600. A real estate broker believes that because of the recent credit crunch, the mean price has increased since then. The null hypothesis is not rejected. Choose the correct answer below. O A. There is not sufficient evidence to conclude that the mean price of a single-family home has decreased from its level two years ago of $299,600. B. There is not sufficient evidence to conclude that the mean price of a single-family home has increased from its level two years ago of $299,600. C. There is sufficient evidence to conclude that the mean price of a single-family home has decreased from its level two years ago of $299,600. D. There is sufficient evidence to conclude that the mean price of a single-family home has increased from its level two years ago of $299,600.
Transcribed Image Text:State the conclusion based on the results of the test. According to the Federal Housing Finance Board, the mean price of a single-family home two years ago was $299,600. A real estate broker believes that because of the recent credit crunch, the mean price has increased since then. The null hypothesis is not rejected. Choose the correct answer below. O A. There is not sufficient evidence to conclude that the mean price of a single-family home has decreased from its level two years ago of $299,600. B. There is not sufficient evidence to conclude that the mean price of a single-family home has increased from its level two years ago of $299,600. C. There is sufficient evidence to conclude that the mean price of a single-family home has decreased from its level two years ago of $299,600. D. There is sufficient evidence to conclude that the mean price of a single-family home has increased from its level two years ago of $299,600.
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