Answer:
An insurance policy sells for $800. Based on past data, an average of 1 in 50
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Answer:
For this case we want to test if the the average monthly income of all students at college is at least $2000. Since the alternative hypothesis can't have an equal sign thne the correct system of hypothesis for this case are:
Null hypothesis (H0):
Alternative hypothesis (H1):
And in order to test this hypothesis we can use a one sample t or z test in order to verify if the true mean is at least 200 or no
Step-by-step explanation:
For this case we want to test if the the average monthly income of all students at college is at least $2000. Since the alternative hypothesis can't have an equal sign thne the correct system of hypothesis for this case are:
Null hypothesis (H0):
Alternative hypothesis (H1):
And in order to test this hypothesis we can use a one sample t or z test in order to verify if the true mean is at least 2000 or no