Use the below information to answer the following question(s). The following table provides data on a sample of customers who visited a local restaurant.The restaurant owner believes that the average profit per customer exceeds $25. -Formulate the null and the alternative hypotheses to determine if the data supports the restaurant owner's claim. A)H₀: The average profit per customer = $25 H₁: The average profit per customer ≠ $25 B)H₀: The average profit per customer ≤ $25 H₁: The average profit per customer $25 C)H₀: The average profit per customer ≥ $25 H₁: The average profit per customer $25 H₁: The average profit per customer ≤ $25

Question

Use the below information to answer the following question(s). The following table provides data on a sample of customers who visited a local restaurant.The restaurant owner believes that the average profit per customer exceeds $25. -Formulate the null and the alternative hypotheses to determine if the data supports the restaurant owner's claim. A)H₀: The average profit per customer = $25 H₁: The average profit per customer ≠ $25 B)H₀: The average profit per customer ≤ $25 H₁: The average profit per customer > $25 C)H₀: The average profit per customer ≥ $25 H₁: The average profit per customer < $25 D)H₀: The average profit per customer > $25 H₁: The average profit per customer ≤ $25

Quizplus · Accepted Answer

The null hypothesis should always claim that there is no significant difference or effect, so in this case the null hypothesis would be that the average profit per customer is less than or equal to $25. The alternative hypothesis should be the opposite, that the average profit per customer is greater than $25. Therefore, choice B is the correct formulation of the hypotheses.

Use the Below Information to Answer the Following Question(s)