Rebecca is areal estate agent who would like to find evidence supporting the claim that the population mean market value of houses in the neighborhood where she works is greater than$250,000

. To test the claim, she randomly selects35

houses in the neighborhood and finds that the sample mean market value is$259,860

with a sample standard deviation of$24,922

.

Should Rebecca reject or fail to rejectthe null hypothesis given the sample data below?

• H
• 0
• :=250,000
• versusH
• a
• :>250,000
• =0.05
• (significance level)
• t2.34
• , which has34
• degrees of freedom
• 0.01<
• p-value<0.025

Select the correct answer below:

Reject the null hypothesis because2.34<0.05

.

Fail to reject the null hypothesis because2.34>0.05

.

Fail to reject the null hypothesis because0.01<

p-value<0.025

is less than the significance level=0.05

.

Reject the null hypothesis because0.01<

p-value<0.025

is less than the significance level=0.05

.