Please hep with the following assignment:
Formulate both a numerical and verbal hypothesis statement regarding your research issue.
Verbal: The average (mean) cost of a three bedroom home is less than or equal to $250,000.
Null Hypothesis: Ho: u < $250,000
Alternate Hypothesis: Ha u > $250,000
We all know the average cost is probably more that $250K but most researchers set up the null hypothesis to be rejected.
Please see attachment with needed information.
Please cite all sources. Thank you in advance for your help.© BrainMass Inc. brainmass.com May 20, 2020, 4:30 pm ad1c9bdddf
The solution examines a one sample hypothesis testing for a research issue. The null hypothesis and parameters are determined.