Question: please help with this question 1 0.1.1 7 Question Help V 'u' Three years ago. the mean price of an existing single-family home was $243,759.

please help with this question

1 0.1.1 7 Question Help V 'u' Three years ago. the mean price of an existing single-family home was $243,759. A real estate broker believes that existing home prices in her neighborhood are higher. (a) 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

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