The Claim of a Local Real Estate Agent Is That $\le$

Multiple Choice

The claim of a local real estate agent is that the median selling price of homes in a major Midwestern city is more than $200,000.Suppose a random sample of 100 homes sold in the last six months is taken and 53 sold for over $200,000. State the null hypothesis to test the claim.Assume that the population of selling prices is not normally distributed.

A) H₀: M_d $\le$ 200000
B) H₀: M_d $\ge$ 200000
C) H₀: M_d $\neq$ 200000
D) H₀: M_d > 200000