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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?

A

Ho: $\mu = 175,000$

Ha: $\mu = < 175,000$

B

Ho: $\mu = 183,482$

Ha: $\mu> 183,482$

C

Ho: $\mu = 175,000$

Ha: $\mu = 183,482$

D

Ho: $\mu = 175,000$

Ha: $\mu > 175,000$

E

Ho: $\mu = 175,000$

Ha: $\mu < 183.482$