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marin [14]
3 years ago
8

According to the Federal Housing Finance Board, the mean price of a single-family home two years ago was $299,500. A real estate

broker believes that because of the recent credit crunch, the mean price has increased since then. The null hypothesis is not rejected.
State the conclusion based on the results of the test.

A.There is sufficient evidence to conclude that the mean price of a single-family home has increased from its level two years ago of $299,500.

B.There is not sufficient evidence to conclude that the mean price of a single-family home has decreased from its level two years ago of $299,500.

C.There is sufficient evidence to conclude that the mean price of a single-family home has decreased from its level two years ago of $299,500.

D.There is not sufficient evidence to conclude that the mean price of a single-family home has increased from its level two years ago of $299,500.
Business
1 answer:
Tems11 [23]3 years ago
3 0

Answer: A.There is sufficient evidence to conclude that the mean price of a single-family home has increased from its level two years ago of $299,500

Explanation:

From the question, we are informed that according to the Federal Housing Finance Board, the mean price of a single-family home two years ago was $299,500 and that a real estate broker believes that due to recent credit crunch, the mean price has increased since then and the result is that the null hypothesis is not rejected.

The conclusion based on the results of the test is that since the null hypothesis has been rejected, it simply means that there are sufficient evidence that there has been an increase in the mean price since two years ago.

Therefore, option A is the correct answer.

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Ivenika [448]

Answer: Whether the costs are variable or fixed and whether they are directly traceable to the responsibility center.

Explanation:

The Responsibility Income Statement is one where the different centers in a business have their own sub income statement so that the activities of each center and their profitability is measured and monitored.

In this statement, costs are classified as Variable and Fixed so it is important that it is known whether the costs are variable or fixed.

As the statements are per center, the costs in them would have to be only those that are directly traceable to that center so that a truer reflection of the statements can be seen.

4 0
3 years ago
At World Spice Market, Inc., the department manager uses a hand-held scanner to determine the quantity of each spice the store h
DiKsa [7]

Answer:

The correct answer is B. using technology to stay responsive to customer needs.

Explanation:

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3 years ago
Is the grouping of jobs<br> into working units usually called<br> units, groups, or divisions.
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Answer:

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6 0
2 years ago
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After conducting a market research study, Magnificent Manufacturing decided to produce a new interior door to complement its ext
marta [7]

Answer:

Target sales revenue = $7,830,000

Explanation:

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target price = $270

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to find out

Target sales revenue

solution

we will get here Target sales revenue that is express as

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