A manufacturer wishes to determine if the average profit from the sale of his product exceeds $6,710.Which of the following is the appropriate hypothesis test?
A) H₀: population mean profit from sale > $6,710 vs.H₁: population mean profit from sale ≤ $6,710
B) H₀: population mean profit from sale ≤ $6,710 vs.H₁: population mean profit from sale > $6,710
C) H₀: population mean profit from sale < $6,710 vs.H₁: population mean profit from sale ≥ $6,710
D) H₀: population mean profit from sale ≥ $6,710 vs.H₁: population mean profit from sale < $6,710
Correct Answer:
Verified
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