Question: (problems 7-11 use the information provided) A researcher wants to test if the mean price of condominiums in an area is greater than $145,000. A

(problems 7-11 use the information provided) A researcher wants to test if the mean price of condominiums in an area is greater than $145,000. A random sample of 36 condominiums selected from the area produces a mean price of $149,100 and a standard of 11,700, and that the test is to be made at the 5% significance level. 7) State the null and alternative for this problem, symbolically. (A) Ho:M 145000 H1: u = 145000 (C) Ho: u 145000 (B) Hou 145000 (D) Ho: M 2 145000 H1:u

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