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Three years ago, the mean price of an existing single-family home was $243 comma 784. A real estate broker believes that existing home prices in
Three years ago, the mean price of an existing single-family home was $243 comma 784. A real estate broker believes that existing home prices in her neighborhood are lower. (a) State the null and alternative hypotheses in words. (b) State the null and alternative hypotheses symbolically. (c) Explain what it would mean to make a Type I error. (d) Explain what it would mean to make a Type II error. Question content area bottom Part 1 (a) State the null hypothesis in words. Choose the correct answer below. A. The mean price of a single family home in any neighborhood is $243 comma 784. B. The mean price of a single family home in the broker's neighborhood is $243 comma 784. C. The mean price of a single family home in the broker's neighborhood is less than $243 comma 784. D. The mean price of a single family home in the broker's neighborhood is different from $243 comma 784
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