Please tell me what is hypothesis for this question?
In this assignment, you will be using inferential statistics to determine if a claim about college tuition cost is accurate.
According to the College Board’s website, the average tuition cost per year for a public four-year college (in-state cost) is $10,230.
Assume that you disagree with the claim. Do you think the average tuition cost is higher? Or lower? Using your answer in part A, write a set of hypotheses (null hypothesis and alternative hypothesis) to represent that claim and its complement. Replace the ?s below with the appropriate inequality signs (<,≤,>,≥). Highlight the hypothesis that represents your claim.
H_0:μ ?$10,230
H_a: μ ?$10,230
Do you think the average tuition cost is higher? Or lower?
Answer: I think the average tuition cost is higher than the mentioned $10,230.
The Null hypothesis in this case is that the tution cost is less than or equal to the amount mentioned in the College Board’s website ( i.e. $10230).
The alternate hypothesis is that the tuition cost is higher than the mentioned $10,230.
(The claim is highlighed using red.)
NOTE:
If you think the average tuition cost is lower than the mentioned $10,230.
The null and alternate hypothesis will be as below:
Null and alternate hypothesis depends on the claim you wish to make.
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