State the conclusion based on the results of the test.According to the Federal Housing Finance Board, the mean price of a single-family home two years ago was $299,600. A real estate broker believes that because of the recent credit crunch, themean price has decreased since then. The null hypothesis is not rejected.Choose the correct answer below.O A. There is not sufficient evidence to conclude that the mean price of a single-family home has decreased from its level two years ago of $299,600.O B. There is sufficient evidence to conclude that the mean price of a single-family home has decreased from its level two years ago of $299,600.O C. There is sufficient evidence to conclude that the mean price of a single-family home has increased from its level two years ago of $299,600.O D. There is not sufficient evidence to conclude that the mean price of a single-family home has increased from its level two years ago of $299,600.

Solution. The test is left tailed test and the null hypothesis is not rejected.

Answered: State the conclusion based on the…

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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