2 Quiz: Ch 10 Quiz: One Sample Hypothesis Test Question 1 M10 > Three years ago, the mean price of an existing single-iamily home was $243,775. A real estate broker believes that existing home prices in her neighborhood are lower. {3] Determine the null and alternative hypotheses. [b] Explain what it would mean to make a Type I error. [c] Explain what it would mean to make a Type II error. [a] State the hypotheses. H\": Y '55 H1: 1 vs (Type integers or decimals. Do not round.) [b] Which of the following is a Type I error? 0 A. The broker rejects the hypothesis that the mean price is $243,??5, when it is the true mean cost. 0 B. The broker rejects the hypothesis that the mean price is $243.??5, when the true mean price is less than $243,775. Cl C. The broker fails to reject the hypothesis that the mean price is $243.?T5, when the tme mean price is less than $243,??5. CI D. The broker fails to reject the hypothesis that the mean price is $243.?T5, when it is the tme mean cost. [c] Which of the following is a Type II error? 0 A. The broker fails to reject the hypothesis that the mean price is $243,775. when the tn.|e mean price is less than $243.?75. Q B. The broker fails to reject the hypothesis that the mean price is $243.?T5, when it is the tme mean cost. 0 C. The broker rejects the hypothesis that the mean price is $243,??5, when it is the true mean cost. 0 D. The broker rejects the hypothesis that the mean price is $243,??5, when the [we mean price is less than $243,7T5