Three years ago, the mean price of a single-family home was $243,741. A real estate broker believes that the mean price has increased since then. The null and alternative hypotheses are H0: μ=$243,741, Ha: μ>$243,741. Explain what it would mean to make a type II error. A. type II error would occur if in fact μ=$243,741, but the results of the sampling lead to the conclusion that μ>$243,741. B. A type II error would occur if in fact μ>$243,741, but the results of the sampling fail to lead to the conclusion that μ>$243,741. C. A type II error would occur if in fact μ>$243,741, but the results of the sampling lead to the conclusion that μ>$243,741.
Three years ago, the mean price of a single-family home was $243,741. A real estate broker believes that the mean price has increased since then. The null and alternative hypotheses are H0: μ=$243,741, Ha: μ>$243,741. Explain what it would mean to make a type II error. A. type II error would occur if in fact μ=$243,741, but the results of the sampling lead to the conclusion that μ>$243,741. B. A type II error would occur if in fact μ>$243,741, but the results of the sampling fail to lead to the conclusion that μ>$243,741. C. A type II error would occur if in fact μ>$243,741, but the results of the sampling lead to the conclusion that μ>$243,741.
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
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Chapter1: Starting With Matlab
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Three years ago, the mean price of a single-family home was
B. A type II error would occur if in fact μ>$243,741, but the results of the sampling fail to lead to the conclusion that μ>$243,741.
C. A type II error would occur if in fact μ>$243,741, but the results of the sampling lead to the conclusion that μ>$243,741.
$243,741.
A real estate broker believes that the mean price has
increased since then. The null and alternative hypotheses are
H0: μ=$243,741,
Ha: μ>$243,741.
Explain what it would mean to make a type II error.
A. type II error would occur if in fact μ=$243,741, but the results of the sampling lead to the conclusion that μ>$243,741.
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