Question

The mean monthly rent for a one bedroom apartment in Portland, Maine is $1100. If a...

The mean monthly rent for a one bedroom apartment in Portland, Maine is $1100. If a hypothesis test is performed, how should you interpret a decision that fails to reject the null hypothesis?

Math   Statistics-And-Probability   
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Answer #1

For the given hypothesis test scenario, we have

Null hypothesis: H0: The mean monthly rent for a one bedroom apartment in Portland, Maine is $1100.

Alternative hypothesis: Ha: The mean monthly rent for a one bedroom apartment in Portland, Maine is not equal to $1100.

If we fail to reject the null hypothesis, then the required interpretation is given as below:

There is sufficient evidence to conclude that the mean monthly rent for a one bedroom apartment in Portland, Maine is $1100.

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