Suppose the null hypothesis is not rejected State the conclusion based on the re

Question

Suppose the null hypothesis is not rejected State the conclusion based on the results of the test the mean price of a single-family home was $243,755. A real estate broker believes that the mean price has increased since then Which of the following is the correct conclusion? O A. There is not suficient evidence to conclude that the mean price of a single-family home has increased O B. There is sufficient evidence to conclude that the mean pnce of a single-family home has increased C. There is not sumoent evidence to conclude that the mean price of a single-famiy home has not changed. O D. There is sufficient evidence to conclude that the mean price of a single-family home has not changed Click to select your answer Type here to search

Explanation / Answer

define null/alternative:
null,Ho: the mean price of a single family home was 243775
alternative, H1: the mean price of a single family home has increased

there is not sufficient evidence to conclude that the mean price of a single family home has not increased

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