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A random sample of 50 single family homes provided the following data: Last year, the population mean size of homes reached 2712 sqft. Assume you
A random sample of 50 single family homes provided the following data: Last year, the population mean size of homes reached 2712 sqft. Assume you obtain a p-value =0.015. At 5% significance, has the average home size declined this year compared to last year? Yes, we reject Ho, and conclude that the average home size has declined this year Yes, we do not reject Ho, and conclude that the average home size has declined this year No, we reject Ho, and conclude that the average home size has not declined this year No, we do not reject Ho, and conclude that the average home size has not declined this year
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