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 Hα : μ

Question

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 Hα : μ < 50,000

Quizplus · Accepted Answer

The null hypothesis (H0) typically states that there is no effect or no difference, so in this case, it posits that the average salary for female managers is $50,000 or more. The alternative hypothesis (Hα) is what you suspect might be true instead, so it suggests that the average salary is less than $50,000, which aligns with the statement from the report.

A Report Recently Published in a Major Business Periodical Stated