Part C question to the rest of this question isWhich of the following is type 2 error?A) The broker fails to reject the hypothesis that mean price $243, 706, when it is the true mean costB) The broker fails to reject the hypothesis that the mean is $243,706, when the true mean price is greater than $243,706C) The broker rejects the hypothesis that the mean price is 243,706 when it is the true mean cost D) The broker fails to reject the hypothesis that mean price is 243,706 when the true mean price is greater than 243,706

Three years ago, the mean price of an existing single-family home was $243,706. A real estate broker believes that existing home prices in her neighborhood are higher (a) Determine the null and alternative hypotheses (b) Explain what it would mean to make a Type I error (c) Explain what it would mean to make a Type II error (a) State the hypotheses Ho (Type Integers or decimals Do not round ) (b) Which of the following is a Type I error? O A. The broker rejects the hypothesis that the mean price is $243,706, when it is the true mean cost O B. The broker falls to reject the hypothesis that the mean price is $243,706, when the true mean price is greater than $243,706. O C. The broker falls to reject the hypothesis that the mean price is $243,706, when it is the true mean cost O D. The broker rejects the hypothesis that the mean price is $243,706, when the true mean price is greater than $243,706 (c) Which of the following is a Type II error? O A. The broker falls to reject the hypothesis that the mean price is $243,706, when it is the true mean cost Click to select your answer(s) StatCrunch