Question 167505 • Probability and Statistics with Applications Honors Sem-2-FL-1210300 (2024-2025)
We want to test H0: μN − μS = 0 versus Ha: μN − μS < 0 where μN = the true mean listing price of all homes in the north hills and μS = the true mean listing price of all homes in the south hills.
Answer
Because the P-value (which is between 0.20 and 0.25) is = 0.01 we H0. We convincing evidence that the true mean listing price of homes in the north hills is less than of homes in the south hills.:
greater than
Because the P-value (which is between 0.20 and 0.25) is = 0.01 we H0. We convincing evidence that the true mean listing price of homes in the north hills is less than of homes in the south hills.:
fail to reject
Because the P-value (which is between 0.20 and 0.25) is = 0.01 we H0. We convincing evidence that the true mean listing price of homes in the north hills is less than of homes in the south hills.: