yathtab Course HomeX Do Homework- acheryH XOrder R693741609 https://www.mathsl.c
ID: 3074249 • Letter: Y
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yathtab Course HomeX Do Homework- acheryH XOrder R693741609 https://www.mathsl.com/Student/PlayerHomework.aspx?homeworkld-4951561 54&questionid-1&flushed-false&cld-51373&ba EEE Apps Chrome Web Store New Tab MAT-240-T1625 Applied Statistics 18EW1 Homework: 4-2 MyStatLab: Module Four Problem Set Score: 0 of 3 pts 3 of 15 (2 complete) 10.1.17 (a) Determine the null and alternative hypotheses, (b) explain what it would mean to make a type I error, and (e) explain what it would mean to make a type lIl eror Three years ago, the mean price of a single-family bome was $243,757. A real estate broker believes that the mean price has (a) Which of the following is the hypothesis test to be conducted? O B. Ho H $243,757, H,: H$243,757 Click to select your answer and then click Check Answer Clear All parts remaining order receipt R69... .dffirst O Type here to searchExplanation / Answer
a)
option C is correct for hypotheiss
please provide options for part b and c if below does not matches
b)
Type I error is to conclude that mean price has increased from 243757 while in actual they remain same as 243757.
c)
type II errror is fail to accept the broker;s claim that an price has increased from 243757 while in actual they have increased from 243757
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