Travelocity would like to test if the average roundtrip airfare between New York and London is less than $1,400. The correct hypothesis statement for this test would be _. A)H₀: µ

Question

Travelocity would like to test if the average roundtrip airfare between New York and London is less than $1,400. The correct hypothesis statement for this test would be _. A)H₀: µ < $1,400; H₁: µ c $1,400 B)H₀: µ × $1,400; H₁: µ = $1,400 C)H₀: µ c $1,400; H₁: µ < $1,400 D)H₀: µ = $1,400; H₁: µ × $1,400

Quizplus · Accepted Answer

The null hypothesis (H0) states that the average roundtrip airfare between New York and London is greater than or equal to $1,400, while the alternative hypothesis (H1) states that the average roundtrip airfare is less than $1,400.

Travelocity Would Like to Test If the Average Roundtrip Airfare