give the null and alternative hypothesis.
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.4: Distributions Of Data
Problem 19PFA
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Question 16: give the null and alternative hypothesis.
![You are looking to find if the average selling price of a home in
an area is greater than $350,000. You look at 50 homes in the
area and compute the average price of the 50 homes to be
$350,000 with a standard deviation of $25,000. At the 5%
significance level we determine if the null hypothesis should be
rejected. Give the null and alternative hypotheses.
Null: The population mean is $350,000, Alternative: The population
mean is less than $350,000
Null: The population mean is $350,000, Alternative: The population
mean is greater than $350,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8e2dc01e-c1fa-459d-9305-aefe7746c3f5%2F05646858-1d22-4550-bfc0-8ee683f86625%2Fngqg04s_processed.jpeg&w=3840&q=75)
Transcribed Image Text:You are looking to find if the average selling price of a home in
an area is greater than $350,000. You look at 50 homes in the
area and compute the average price of the 50 homes to be
$350,000 with a standard deviation of $25,000. At the 5%
significance level we determine if the null hypothesis should be
rejected. Give the null and alternative hypotheses.
Null: The population mean is $350,000, Alternative: The population
mean is less than $350,000
Null: The population mean is $350,000, Alternative: The population
mean is greater than $350,000
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