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The data accompanying this exercise show the selling price (in $1,000 s) for 36 recent house sales in Mission Viejo, California. A Realtor believes that the average price of a house is more than $500,000. Assume the population standard deviation is $100 (in $1,000 s) a. Select the null and the alternative hypotheses for the test. H₀ :μ=500,000;Hₐ :μ≠500,000 H₀ :μ≤500,000;Hₐ :μ>500,000 H₀ :μ≥500,000;Hₐ :μ<500,000
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