state the conclusion based on the results of the test accord

state the conclusion based on the results of the test.

accordin to the federal housing finance board the mean price of a single family home two years ago was $299,300. a real estate broker believes taht because of the recent credit crunch the mean price has decresaed since then. the null hypothesis is rejected.

Solution

Null, mean price of a single family home two years ago was $299,300 H0: U=$299,300
Alternate, mean price of a single family home two years ago was n\'t $299,300 H1: U!=$299,300

as we reject the NULL, the required cliam is
mean price of a single family home two years ago was n\'t $299,300