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: 33

Answer

The mean price of a single-family home has decreased from the 2009 level of $\$218,600$.

Work Step by Step

If we reject the Null hypothesis, we have sufficient evidence that the mean price of a single-family home has decreased from the 2009 level of $\$218,600$.
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