A report recently published in a major business periodical stated that the average salary for female managers is less than $50,000.If we were interested in testing this,the following null and alternative hypotheses would be established:
H₀ : μ ≥ 50,000
H_α : μ < 50,000

Question

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The null hypothesis (H₀) represents the statement being tested, which is that the average salary is at least $50,000. The alternative hypothesis (Hₐ) represents the claim that the average salary is less than $50,000, aligning with the report's statement.

A Report Recently Published in a Major Business Periodical Stated