Question
The profit per new car sold by a Winnipeg automobile dealer varies from car to car....
The profit per new car sold by a Winnipeg automobile dealer varies from car to car. The average profit per sale tabulated for the past 6 days was $368 with a standard deviation of $190 To test if there is sufficient evidence to indicate that average profit per sale is less than $480, the appropriate null and alternative hypotheses for the test are:
a) H0: μ ≥ $368 vs. H1: μ < $480
b) H0: μ ≥ $480 vs. H1: μ < $480
c) H0: μ ≤ $480 vs. H1: μ > $480
d) H0: μ = $480 vs. H1: μ ≠ $480
Homework Answers
Answer #1
TOPIC:Null and alternative hypotheses for the given test.
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