i0n shsu.black Cengage D. Ghost Low QUESTION 25 3.571 points A real estate agent
ID: 3369123 • Letter: I
Question
i0n shsu.black Cengage D. Ghost Low QUESTION 25 3.571 points A real estate agent is interested in determining factors that affect the mean selling price of a home. One factor she is considering is known as "lot configuration," which determines the position of the house within the neighborhcod that it is built. The possible lot configurations are (don't worry about their precise definitions): nside: Inside lot Comer: Corner lot CulDSac Cul-de-sac FR2: FR3: Frontage on 2 sides of property Frontage on 3 sides of property Suppose that she were to perform an ANOVA to examine whether there were differences in the mean seling prices of homes with different lot configurations, and suppose that she found that she could reject the null hypothesis. What could she then conclude, in context? Hint: There's nothing to calculate here. I'm asking you to suppose that you could reject the null, and state the conclusion in the context of the problem. O That the true proportion of homes sold for each of the different lot configurations are different from 20% for each lot. That at least two lot configurations differ on the proportion of houses that they each contain. That at least two lot configurations differ on the mean selling prices of their homes. OThat at least two lot configurations differ on the mean square footage of their houses. That the true mean number of homes that are sold for each type of lot configuration are the same. OThat all lot configurations differ on the mean selling price of homes QUESTION 26 3.571 points SaExplanation / Answer
The null hypothesis is getting rejected so the conclusion will be:
Option C is correct.
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