The Claim of a Local Real Estate Agent Is That $\le$

question 62

Multiple Choice

The claim of a local real estate agent is 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 \(\le\) 200000
• B)H₀: M_d \(\ge\) 200000
• C)H₀: M_d \(\neq\) 200000
• D)H₀: M_d > 200000

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