IDNLearn.com provides a user-friendly platform for finding and sharing accurate answers. Our platform offers reliable and comprehensive answers to help you make informed decisions quickly and easily.

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