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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.
Math   Statistics-And-Probability   
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