Arealty company looks at a recent sample of houses that have sold on testing the nul hypothesis that 57% of the houses take more than three months to sell against the hypothesis that more than 57% of the houses take more than three months to sell, they find a p value of 0.026 which conclusion is appropriate? explain.
choose the correct answer below. a. if 57% of the houses take more than three months to sell, there is a 2 6% chance that a random sample proportion would be as high as or higher than the one they obtained b. there is a 26% chance that 57% of the houses take more than 3 months to sell c. there is a 97 4% chance that 57% of the houses take more than 3 months to sell d. there is a 26% chance that the null hypothesis is correct

The correct option is: If 57% of the houses take more than three months to sell, there is a 2 6% chance that a random sample proportion would be as high as or higher than the one they obtained

Step-by-step explanation:

Consider the provided information.

The Null hypotheses is 57%,

P-value is given as 0.026

Here P value represents the probability.

0.026 can be written as: 2.6%

Thus the conclusion is:

If 57% of the houses take more than three months to sell, there is a 2 6% chance that a random sample proportion would be as high as or higher than the one they obtained.

Hence, the correct option is: If 57% of the houses take more than three months to sell, there is a 2 6% chance that a random sample proportion would be as high as or higher than the one they obtained

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