Easy# Realtor

APSTAT-EAKYFF

A realtor is interested in the average price of homes in his state.

He randomly selects $16$ homes and records the prices. The $16$ homes averaged a price of $\$183,482$ with a standard deviation of $\$41,023$.

If the realtor wishes to determine if this year’s prices are higher than last year’s state average of $\$175,000$, what would be the appropriate null and alternative hypotheses?