Answer:
980
Step-by-step explanation:
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Answer:
H0 : mu1 = mu2
Ha : mu1 ≠ mu2
Which means
Null hypothesis H0; the true mean price when buying from a friend mu1 and the true mean price when buying from a stranger mu2 is the same/equal
Alternative hypothesis Ha; the true mean price when buying from a friend mu1 and the true mean price when buying from a stranger mu2 is different (not equal)
Step-by-step explanation:
The null hypothesis (H0) tries to show that no significant variation exists between variables or that a single variable is no different than its mean(i.e it tries to prove that the old theory is true). While an alternative Hypothesis (Ha) attempt to prove that a new theory is true rather than the old one. That a variable is significantly different from the mean.
Therefore, for the case above;
H0 : mu1 = mu2
Ha : mu1 ≠ mu2
Which means
Null hypothesis H0; the true mean price when buying from a friend mu1 and the true mean price when buying from a stranger mu2 is the same/equal
Alternative hypothesis Ha; the true mean price when buying from a friend mu1 and the true mean price when buying from a stranger mu2 is different (not equal)
