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

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Answer #1

TOPIC:Null and alternative hypotheses for the given test.

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