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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): $\mu \geq 2000$

Alternative hypothesis (H1): $\mu$

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): $\mu \geq 2000$

Alternative hypothesis (H1): $\mu$

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

7 0

3 years ago

If $20,000 is invested in a savings account offering 3.5% per year, compounded continuously, how fast is the balance growing aft

Maslowich

The balance would have grown by $3,500

7 0

3 years ago