Suppose the null hypothesis is rejected. State the conclusion based on the resul

Question

Suppose the null hypothesis is rejected. State the conclusion based on the results of the test. Three years ago, the mean price of a single-family home was $243, 726. A real estate broker believes that the mean price has increased since then. Which of the following is the correct conclusion? A. There is not sufficient evidence to conclude that the mean price of a single-family home has increased. B. There is sufficient evidence to conclude that the mean price of a single-family home has increased. C. There is sufficient evidence to conclude that the mean price of a single-family home has not changed. D. There is not sufficient evidence to conclude that the mean price of a single-family home has not changed.

Explanation / Answer

Here we have given that

Null Hypothesis (Ho) is Rejected.

claim : To check wheather the mean price of single family is increse or not.

So Ho is rejected means our claim is Approved.

that is

Here There is not sufficient evidence to conclude that the mean price of singal family home has incresed.

that is here option A is correct.

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