Question

Suppose that BC financial aid alots a textbook stipend by claiming that the average textbook at BC bookstore costs $ $ 93.29. You want to test this claim.Required:a. The null and alternative hypothesis in symbols would be: _______b. The null hypothesis in words would be: 1. The average price of textbooks in a sample is S 96.28 2. The proportion of all textbooks from the store that are less than 96.28 is equal to 50% 3. The average of price of all textbooks from the store is less than $96.28. 4. The average of price of all textbooks from the store is greater than $96.28. 'The average price of all textbooks from the store is S 96.28

Answer 1

Answer:

H₀: μ = 93.29 vs. Hₐ: μ ≠ 93.29.

Step-by-step explanation:

In this case we need to test whether the claim made by BC financial aid is true or not.

Claim: The average textbook at BC bookstore costs $93.29.

A null hypothesis is a sort of hypothesis used in statistics that intends that no statistical significance exists in a set of given observations.  

It is a hypothesis of no difference.

It is typically the hypothesis a scientist or experimenter will attempt to refute or discard. It is denoted by H₀.

Whereas, the alternate hypothesis is the contradicting statement to the null hypothesis.

The alternate hypothesis describes direction of the hypothesis test, i.e. if the test is left tailed, right tailed or two tailed.

It is also known as the research hypothesis and is denoted by Hₐ.

The hypothesis to test this claim can be defined as follows:

H₀: The average textbook at BC bookstore costs $93.29, i.e. μ = 93.29.

Hₐ: The average textbook at BC bookstore costs different than $93.29, i.e. μ ≠ 93.29.