Question
Three years ago, the mean price of an existing single-family home was $243,774 A real estate...
Three years ago, the mean price of an existing single-family home was
$243,774
A real estate broker believes that existing home prices in her neighborhood are
higherhigher.
|
(a) |
Determine the null and alternative hypotheses. |
|
(b) |
Explain what it would mean to make a Type I error. |
|
(c) |
Explain what it would mean to make a Type II error. |
Homework Answers
Answer #1
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