Suppose the null hypothesis is not rejectednot rejected. State the conclusion ba

Question

Suppose the null hypothesis is not rejectednot rejected. State the conclusion based on the results of the test. Three years ago, the mean price of a single-family home was $243 comma 795243,795. A real estate broker believes that the mean price has increasedincreased since then. Which of the following is the correct conclusion? A. There isis sufficient evidence to conclude that the mean price of a single-family home has not changed. B. There is notis not sufficient evidence to conclude that the mean price of a single-family home has increasedincreased. C. There isis sufficient evidence to conclude that the mean price of a single-family home has increasedincreased. D. There is notis not sufficient evidence to conclude that the mean price of a single-family home has not changed.

Explanation / Answer

as null hypotheis is not rejected.

B. There is not sufficient evidence to conclude that the mean price of a single-family home has increased.

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