State the canclusion based on the Accorsing to the Fedoral Houing Finance Board,

Question

State the canclusion based on the Accorsing to the Fedoral Houing Finance Board, the mean price of a single tamly home twe years age was 829,00eseyres thut becasuise of the ecnt eat arundh, hemn pricn buas deoeased ance h The u fos is nol rejecded Choove the comect a OA There is not suficent evidence to conclude thuit the mean price of a single fany home has decreased ro annwer below s two years ago ofl $299 0 B. There is sfficient evidence to conclude that the mean price of a single-lamily home has decreased trom ts level two years ago of 5299 60 O D. There is not sufilicient evidence to conclude that the nean price of a single-taily home has increased om its level oo years age of $29900 Type her to search -5 6 . 7 ! * wE Alt

Explanation / Answer

Answer : Option A. There is no sufficient evidence to conclude that the mean price of a single family home has decreased from it level 2 years ago of $299600

The test was to check if the mean has decreased and since the null hypothesis was not rejected, we conclude there was not enough evidence to support the alternative hypothesis

Related Questions

Navigate

• Browse (All)
• Browse S
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.