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Explain what it would mean to make a type i? error

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If three years ago the mean price for a single family home was $243,746 and a real estate broker believes that the mean price has decreased since then, how do I Determine the null and alternative? hypotheses, then explain what it would mean to make a type I? error, and explain what it would mean to make a type II error?

Reference no: EM132069275

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