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

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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
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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