Statistics: Informed Decisions Using Data (4th Edition)

Published by Pearson
ISBN 10: 0321757270
ISBN 13: 978-0-32175-727-2

Chapter 10 - Section 10.1 - Assess Your Understanding - Vocabulary and Skill Building - Page 483: 25

Answer

The mean price of a single family house has not decreased from $\$218,600$.

Work Step by Step

If we fail to reject the Null Hypothesis, this implies that there is not sufficient evidence to conclude that mean price of a single family house has decreased from $\$218,600$.
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