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need help 34 Three years ago, the mean price of a single-family home was $243,726. A real estate broker believes that the mean price has

need help 34

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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. The null and alternative hypotheses are Ho: H = $243,726, He: H > $243,726. . . . .. a. Explain what it would mean to make a type | error. O A. A type I error would occur if in fact u = $243,726, but the results of the sampling fail to lead to the conclusion that u > $243,726. O B. A type I error would occur if in fact u = $243,726, but the results of the sampling lead to the conclusion that u > $243,726. O C. A type I error would occur if in fact u > $243,726, but the results of the sampling lead to the conclusion that u = $243,726. b. Explain what it would mean to make a type ll error. O A. A type ll error would occur if in fact u > $243,726, but the results of the sampling lead to the conclusion that u > $243,726

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