A realtor is interested in the average price of homes in his state. He randomly selects 16 homes and records the prices. The 16 homes averaged a price of $183,482 with a standard deviation of $41,023. If the realtor wished to determine if this year's prices are higher than last year's state average of $175,000, what would be the appropriate alternative hypothesis? OH< 183,482 Ou>183,482 OH< 175,000 OE> 175000
A realtor is interested in the average price of homes in his state. He randomly selects 16 homes and records the prices. The 16 homes averaged a price of $183,482 with a standard deviation of $41,023. If the realtor wished to determine if this year's prices are higher than last year's state average of $175,000, what would be the appropriate alternative hypothesis? OH< 183,482 Ou>183,482 OH< 175,000 OE> 175000
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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![A realtor is interested in the average price of homes in his state. He randomly selects 16
homes and records the prices. The 16 homes averaged a price of $183,482 with a standard
deviation of $41,023. If the realtor wished to determine if this year's prices are higher than
last year's state average of $175,000, what would be the appropriate alternative
hypothesis?
OH< 183,482
OH> 183,482
OH< 175,000
Ou> 175,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F7c5872da-24e7-4625-8b22-7fefc08e070f%2Fd44a1e75-227c-4b83-b32b-6db5ddcbd00d%2F90mjyxg_processed.jpeg&w=3840&q=75)
Transcribed Image Text:A realtor is interested in the average price of homes in his state. He randomly selects 16
homes and records the prices. The 16 homes averaged a price of $183,482 with a standard
deviation of $41,023. If the realtor wished to determine if this year's prices are higher than
last year's state average of $175,000, what would be the appropriate alternative
hypothesis?
OH< 183,482
OH> 183,482
OH< 175,000
Ou> 175,000
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