Suppose the null hypothesis is rejected. State the conclusion based on the results of the test. Three years ago, the mean price of a single-family home was $243,777. A real estate broker believes that the mean price has increased since then. Which of the following is the correct conclusion? O A. There is sufficient evidence to conclude that the mean price of a single-family home has increased. O B. There is not sufficient evidence to conclude that the mean price of a single-family home has not changed. C. There is sufficient evidence to conclude that the mean price of a single-family home has not changed. O D. There is not sufficient evidence to conclude that the mean price of a single-family home has increased.
Suppose the null hypothesis is rejected. State the conclusion based on the results of the test. Three years ago, the mean price of a single-family home was $243,777. A real estate broker believes that the mean price has increased since then. Which of the following is the correct conclusion? O A. There is sufficient evidence to conclude that the mean price of a single-family home has increased. O B. There is not sufficient evidence to conclude that the mean price of a single-family home has not changed. C. There is sufficient evidence to conclude that the mean price of a single-family home has not changed. O D. There is not sufficient evidence to conclude that the mean price of a single-family home has increased.
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section: Chapter Questions
Problem 8SGR
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Transcribed Image Text:Suppose the null hypothesis is rejected. State the conclusion based on the results of the test.
Three years ago, the mean price of a single-family home was $243,777. A real estate broker believes that the mean price has increased since then.
Which of the following is the correct conclusion?
O A. There is sufficient evidence to conclude that the mean price of a single-family home has increased.
B. There is not sufficient evidence to conclude that the mean price of a single-family home has not changed.
C. There is sufficient evidence to conclude that the mean price of a single-family home has not changed.
D. There is not sufficient evidence to conclude that the mean price of a single-family home has increased.
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