State the conclusion. A. Reject the null hypothesis using 0.05 as the P-value cu

Question

State the conclusion. A. Reject the null hypothesis using 0.05 as the P-value cutoff level. Conclude that the loss of home values in this community does not appear to be unusual. B. Fail to reject the null hypothesis using 0.05 as the P-value cutoff level. Conclude that the loss of home values in this community does not appear to be unusual. C. Reject the null hypothesis using 0.05 as the P-value cutoff level. Conclude that the loss of home values in this community does appear to be unusual. D. Fail to reject the null hypothesis using 0.05 as the P-value cutoff level. Conclude that the loss of home values in this community does appear to be unusual.

Explanation / Answer

1) D is the correct hypothesis .

2) table value with n-1 d.f at 5% los cannot be stated as question is incomplete.

3) p-value need to know n.

4) If p-value < 0.05 then we will reject the null hypothesis and conclude the loss in the community appears to be unusual.

Else If p-value > 0.05 then we will fail to reject the null hypothesis and conclude the loss in the community does not appears to be unusual.

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