The average monthly rent for one-bedroom apartments in Chattanooga has been $700.Because of the downturn in the real estate market, it is believed that there has been a decrease in the average rental.The correct hypotheses to be tested are
A) H0: μ ≥ 700 Ha: μ < 700.
B) H0: μ = 700 Ha: μ ≠ 700.
C) H0: μ > 700 Ha: μ ≤ 700.
D) H0: μ < 700 Ha: μ ≥ 700.
Correct Answer:
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