A Local Real Estate Agent Claims That the Median Selling

question 27

Multiple Choice

A local real estate agent claims that the median selling price of homes in a major midwestern city is more than $200,000. Suppose a random sample of 100 homes sold in the last six months is taken and 53 sold for over $200,000. State the null hypothesis to test the claim. Assume that the population of selling prices is not normally distributed.

• A) H₀: M_d ≤ $200,000
• B) H₀: M_d ≥ $200,000
• C) H₀: M_d ≠ $200,000
• D) H₀: M_d > $200,000

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