The claim of a local real estate agent is that the median selling price of homes in a major Midwestern city is more than $200,000.Suppose a random sample of 100 homes sold in the last six months is taken and 53 sold for over $200,000. State the null hypothesis to test the claim.Assume that the population of selling prices is not normally distributed. A)H₀: M_d $\le$ 200000 B)H₀: M_d $\ge$ 200000 C)H₀: M_d $\neq$ 200000 D)H₀: M_d 200000

Question

The claim of a local real estate agent is that the median selling price of homes in a major Midwestern city is more than $200,000.Suppose a random sample of 100 homes sold in the last six months is taken and 53 sold for over $200,000. State the null hypothesis to test the claim.Assume that the population of selling prices is not normally distributed. A)H₀: M_d $\le$ 200000 B)H₀: M_d $\ge$ 200000 C)H₀: M_d $\neq$ 200000 D)H₀: M_d > 200000

Quizplus · Accepted Answer

H₀: M_d $\le$ 200000 vs H_A: M_d > 200000

The Claim of a Local Real Estate Agent Is That ≤\le≤

The Claim of a Local Real Estate Agent Is That $\le$